Food Cost Dynamics: Insights Into Red Meats, Grains and Oilseeds

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10:00 - 11:00 a.m. (MDT)

What are the fundamentals of food production costs and their impact on both farmers and consumers? Join us for an insightful webinar delving into the cost of production for the food we enjoy at our tables. Producers face unique challenges for each type of commodity they grow or raise. We’ll explore the variability in production costs for beef, pork, and bison, as well as grains and oilseeds. Discover what truly goes into running a farm operation in Canada and the factors influencing its financial sustainability.

Raw foods or foods that are minimally processed, like beef and flour, often have a higher proportion of farm-related costs compared to those involving multiple processing stages, such as beer and bread. The larger portion of total cost comes from farm-level activities. Through a straightforward scorecard analysis, we’ll compare variable costs impacting farm operations, including land prices, fuel, labour, inputs (e.g., seeds, crop protection, antibiotics), and weather conditions. We’ll also tackle important questions about farm ownership. Since 2000, farm debt in Canada has nearly doubled. This begs the question: Is the financial sustainability of Canadian farms at stake?

Don’t miss this opportunity to gain valuable insights into agricultural management, the challenges faced by today’s farmers and the realities of agriculture in our country.

Speakers:

Mark Juhasz, PhD, Principal and Founder, Harvest Insights.

Darla Stepanick, CMA, CPA MBA, Associate Dean, Lakeland College School of Agriculture Science.

Moderator:

Brandy Yanchyk, Independent documentary filmmaker and journalist.

There is no cost to register. The webinar will be hosted via Zoom. Please feel free to share this invitation with colleagues that may be interested.

 The School of Public Policy and the Simpson Centre for Food and Agricultural Policy is pleased to host the Simpson Centre Public Education Series.

 The Simpson Centre mobilizes research for better policymaking and decision-making to realize a more sustainable agricultural industry. Strengthening the sustainability of agri-food and agribusiness means increasing food production to feed a growing global population, while attending to social and health impacts and the natural environment. We connect researchers, everyday people, industry stakeholders and government actors to scientific issues critical to the future of Canada’s agricultural and food system.