The cattle and beef sectors are important drivers of economic activity in Canada. However, that is not always apparent from looking at farm cash receipts alone. Direct, indirect and induced impacts combined paint a clear picture of the significant positive impact the beef sector has on the greater Canadian economy.
For Canada in the 2018-2020 period, the cattle sector contributed $51.6 billion in goods and sales, contributed $21.8 billion to gross domestic product at market prices, including $11.7 billion in labour income, and is directly or indirectly associated with creation of 347,352 full-time equivalent jobs (includes direct, indirect and induced impacts).
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