The farm is far from out of touch.
With all the talk about trade agreements – NAFTA being in jeopardy, while Canada has added a free-trade agreement with Europe, and the TPP is back on track with Canada as a signatory – the economists at RBC Royal Bank issued an opinion piece on the state of trade. And they use agriculture as the case-in-point.
In broad terms, they say agriculture has been impressive. Calling it the original technology player, it has morphed from a labour-intensive game to one dominated by technology. And it is an example for manufacturing to follow – proof that the introduction of technology to increase output doesn’t mean an end to the industry.
The bank says the expansion of trade deals will not necessarily benefit producers, but that Canada has enormous opportunities for exporting processed foods, especially value-added meat products.
This may be a red flag for Saskatchewan, which has struggled to expand its processing sector at a time Chinese purchases of processed products from us have grown five times in the last decade.