Tuesday, July 19, 2016

FCC says chicken outlook is rosy

Farm Credit Canada economist Leigh Anderson forecasts a rosy future for Canada’s chicken industry – production increases of 22 per cent over the next 10 years.

He predicts retail prices will increase by 1.7 per cent for the next three years and that per capita chicken consumption will increase by six per cent by 2025.

This will occur within the context of increased competition as international free-trade agreements take effect and as animal welfare measures curb production practices.

I'm not surprised the FCC is so optimistic, given its reckless lending to quota holders.