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Bite-sized lowdown on ag economics

New series looks at economic trends in Alberta’s agricultural and agri-food industries

Producers can turn to a new series that looks at economic trends in Alberta’s agricultural and agri-food industries.

Called ‘Explained in Brief,’ the fact sheets cover topics including farm economics and cost of production, economic impacts of crop and livestock diseases, and environmental and trade issues.

“Agricultural economic topics can be complex,” said provincial research economist Anne Huennemeyer. “Explained in Brief unpacks this analysis into two pages. It’s an accessible format that makes this information available to a broader readership and to more Albertans.”

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The first three documents are:

Explained in Brief: Uncovering Canola’s Success in Alberta: This analysis looks at why canola expanded into Alberta at a record pace. It also explains why despite high production costs, costs per bushel may be trending downward.

Explained in Brief: Durum Wheat in Alberta: The province grows 20 per cent of Canada’s durum wheat. The analysis compares durum wheat yields on irrigated land to dryland production. It explains why minimizing cost of production may be critical to profit from this crop.

Explained in Brief: CWRS Wheat in Alberta: Canadian Western Red Spring wheat is the most popular class of hard red wheat in Canada, and Alberta grows one-third of it. The analysis looks at why the cost of production and profitability per bushel is comparable for both irrigated and dryland production systems. It covers how producers can work with tight but positive margins.

The series can be found at alberta.ca.

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