Agricultural Policy Trends: Did Covid Support for Beef Cattle Producers Hit the Mark?
Is Covid Support for Ranchers Hitting the Mark?
Abstract
Canadian consumers paid more for beef products in 2020 due to various COVID-19 impacts on the supply chain. Farmers and ranchers producing cattle saw a substantial drop in their revenues, while processors, wholesalers and retailers were the net beneficiaries of the higher prices. With the Federal/Provincial “set-aside” program designed to aid beef producers during this uncertain time, how much support was supplied relative to the economic pain seen, and was it directed to the right parties?
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