Farms.com Home   Ag Industry News

Ontario’s Auto Sector Lagging, Food Sector Booming

New Report Reveals Food Processing Sector Major Job Creator

By , Farms.com

Ontario is known for its manufacturing industry, most specifically the auto sector. However, what most people don’t know is that the food processing sector employs more people in Ontario than the auto sector. The Alliance Ontario Food Processors Association commissioned a report with the hopes to catch the attention of governments and investors. The report found that Ontario’s food processing sector employs 127,000 people, not including the primary producer who supplies the goods for the food sector – farming jobs are an added 90,000. Let’s just say the impact of the agi-food sector and agriculture in general is underestimated. According to 2010 data, while Ontario’s auto sector had revenues of $43.6 billion, the food processing sector had revenue of $39 billion and the added value of farm revenue was close to $50 billion.

The food processing sector boasts of being “recession proof” with an annual growth of 2 percent yearly increase. With the ongoing struggle of the auto sector and the significant amount of government funds that that industry has received so that it wouldn’t completely tank, the food processing industry now wants a piece of the government pie too. The industry hopes that the report will be a good lobbying tool when making demands to the government and are advocating for their own investment fund, similar to the one that auto sector receives. Maybe the industry should rethink their strategy. Instead of asking for a government handout, the industry should work on boosting awareness about the significant contributions that the industry makes to Ontario’s economy while continuing to be self-sufficient and sustainable.


Trending Video

Did Bears Win Thanksgiving, Will Bulls Get Christmas?

Video: Did Bears Win Thanksgiving, Will Bulls Get Christmas?


Did the bears win Thanksgiving (although this week had green on the screen), and will the bulls get Christmas? Bears won thanksgiving thanks to a USDA Nov crop report dud that stalled the bullish grain momentum for a brief period. But a bullish lower yield surprise in the Dec crop report could reignite the rally.
2026 U.S. winter wheat planting is nearly complete at 97% while crop conditions improved by 3 points to 48% good-to-excellent. US corn & soybean harvest is complete.
High corn demand, which is off the chart, and more Chinese soybean demand could support a Christmas rally.
Nasdaq had it’s worst November since 2011.
A U.S. Fed rate cut in December will help fund flow and sentiment.
Bitcoin held a long-term support at 80,000 and that's positive for fund flow and sentiment. It should help stock prices and Ag as we go into December.
Fertilizer prices continue to climb as we look ahead to 2026. Farmers may rely more on the nutrients that they already have in their soils.
South American Weather remains critical as the soybean reproductive stage starts from late Nov to late Feb depending on planting date.
Will a Russia-Ukraine peace deal happen by year-end?
CFTC data as of showed more managed money fund sell-off as of October 14th.