Agricultural Policy Trends: Did Covid Support for Beef Cattle Producers Hit the Mark?

Is Covid Support for Ranchers Hitting the Mark?

Authors

  • Karen Spencer SPP and Simpson Center

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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Published

2021-03-16

Issue

Section

Communiqués