Just as it has for most of its history, the ample and multi-leveled agricultural and agri-food sector of Canada continues to play a fundamental role in the country’s economy, writes Remi Schmaltz on AgFunderNews.
Experts predict that all agricultural and agri-food exports from Canada will reach a value of $75 billion by 2025. In fact, the sector employs one out of every eight Canadians and in 2016 generated $111.9 billion – 6.7 per cent of the country’s GDP. It is also significant to note that export sales have reached a new high at $56 billion which makes Canada the fifth largest exporter of agri-food products globally.
However, Canada is continuing in its efforts to grow the output of the sector. Canada has a semi-privatized and semi-federalized approach to agricultural development. These two groups play a dual role in funding research and development, applied research and commercialization in the market.