FCC notes rising feed costs cut into livestock profitability

Oct 28, 2022

Inflation is affecting our Canadian way of life, as well as that of our livestock, as feed costs are up over 11.8 percent from last year.

By Farm Credit Canada

Although it’s difficult to predict doom and gloom when cattle and hog prices remain high in 2022, but Farm Credit Canada (FCC) noted that as the global economy continues its decline and export markets act against weaker conditions, pressure could be applied to prices.

Martha Roberts, a research specialist and Economic Editor with the FCC has delved into the state of today’s cattle and pig markets and examined global factors that will impact future prices.

Read how the “Spectre of demand destruction looms over livestock markets”. Click HERE.

Video: Finding a Balance of Innovation and Regulation - Dr. Peter Facchini

Regulations help markets and industry exist on level playing fields, keeping consumers safe and innovation from going too far. However, incredibly strict regulations can stunt innovation and cause entire industries to wither away. Dr. Peter James Facchini brings his perspective on how existing regulations have slowed the advancement of medical developments within Canada. Given the international concern of opium poppy’s illicit potential, Health Canada must abide by this global policy. But with modern technology pushing the development of many pharmaceuticals to being grown via fermentation, is it time to reconsider the rules?

Dr. Peter James Facchini leads research into the metabolic biochemistry in opium poppy at the University of Calgary. For more than 30 years, his work has contributed to the increased availability of benzylisoquinoline alkaloid biosynthetic genes to assist in the creation of morphine for pharmaceutical use. Dr. Facchini completed his B.Sc. and Ph.D. in Biological Sciences at the University of Toronto before completing Postdoctoral Fellowships in Biochemistry at the University of Kentucky in 1992 & Université de Montréal in 1995.