Record-high calf prices a new challenge for P.E.I. beef industry expansion

CBC - April 29, 2024

Cattle farmers on Prince Edward Island are having to consider whether the current high prices for beef will guarantee them a profit, even if they expand their herds.

The number of beef cattle on P.E.I. hit a peak in 2007 with more than 16,000 animals.

But the BSE crisis, often called mad cow disease, pushed farmers out of raising beef, and the industry has still not recovered.

A Statistics Canada report recorded just 7,100 beef cattle on the Island on Jan. 1 of this year.

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