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Canada could add $5.4B to GDP by processing more of its crops at home: EY
Keeping just 10% of raw crop exports for domestic processing could generate $5.4 billion in GDP and 34,000 jobs, the report says.
- On Tuesday, Sept. 22, Protein Industries Canada released an Ernst & Young LLP report at the Plant Forward trade show in Saskatoon, suggesting Canada could add up to $5.4 billion in GDP by processing more crops domestically.
- Canada currently ships 88 per cent of its food exports to the U.S., while 70 per cent of annual crop production consists of wheat, canola, and corn, leaving significant value-added processing opportunities untapped.
- Redirecting 10 per cent of raw crop exports to domestic processing could create approximately 34,000 full-time jobs and generate $1.1 billion in government revenue, the analysis found.
- Michael Graydon, CEO of Food Health and Consumer Products of Canada, noted that agri-food growth faces "policy fragmentation" and transportation bottlenecks, citing Canada's $700 million commodity tomato exports versus $500 million in processed imports.
- The report recommends establishing a scientific advisory body for "novel agri-food products" and building regional cold-storage hubs to support downstream uses including biopolymers, pharmaceuticals, and biodegradable packaging.
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Thousands of jobs could be created if Canada transforms part of its crops.
·Montreal, Canada
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Canada leaving billions on the table by not processing more crops at home, new agri-food study says
Canada could add billions to its GDP and create thousands of jobs if a small slice of crop exports are kept at home for processing in domestic plants, according to a new report.
·Ottawa, Canada
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St Catharines Standard+6 Reposted by 6 other sources
Canada could add $5.4B to GDP by processing more of its crops at home: EY
SASKATOON, SK, Sept. 22, 2026 (GLOBE NEWSWIRE) -- Canada could generate up to $5.4 billion in additional GDP and support approximately 34,000 full-time-equivalent jobs by redirecting just 10 per cent of its raw crop exports to value-added processing here at…
·Welland, Canada
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Total News Sources9
Leaning Left9Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
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