Agribusiness has long been synonymous with Calgary and southern Alberta, and as the sector embraces digitization and the increased focus on food supply and security, a new study for Calgary Economic Development and Western Economic Diversification Canada reveals how the region can have an even bigger global impact.
The Agribusiness Market Study provides a detailed assessment of global and regional agribusiness markets and highlights how more collaboration among key stakeholders could drive sustained growth in the sector, both in Calgary and southern Alberta.
Canada is the fifth-largest exporter of agricultural and agri-food products in the world. Agriculture and agri-food products from Alberta are exported to more than 150 countries. Exports from Alberta have more than doubled in the last 10 years, but for the industry to continue to grow and attract investment, it is critical to understand how emerging global trends are shaping the sector.
The study notes the industry has embraced innovation and technology. Traditional perceptions of agriculture that view the industry as simple farming or ranching do not consider the innovation occurring in agriculture, the ag-tech industry, agricultural sciences, or a host of other sciences behind the industry.
You can access the complete Agribusiness Market Study or a Fact Sheet with highlights on the Agribusiness page of our website. Look for a series of stories in the coming weeks that highlight aspects of the agribusiness sector in southern Alberta.