GFM Network News

cattle in a feedlot

Oil price plunge will affect Alberta agriculture and the beef sector

The loonie has followed oil prices down and this will impact 
everything from feeder prices to packing plant utilization

Reading Time: 3 minutes The price of crude oil has fallen a long way since hitting $110 in July 2013 — and the debate on how long this drop will last, and what it will do to the economy, will continue for some time to come. The plunge in oil prices will create winners and losers — the question […] Read more

oil derrick in a canola field

Oilpatch’s pain could be agriculture’s gain as layoffs mount

Thousands of energy and construction workers will be looking for jobs, 
but agricultural employers need to attract them

Reading Time: 4 minutes The layoffs have already started in Alberta’s energy sector — but many more are on the way, say experts. “We’re estimating somewhere in the range of $12 billion less investment taking place,” said Michael Burt, director of industrial economic trends with the Conference Board of Canada. “That’s going to translate into thousands of fewer jobs […] Read more