Canola I

Canada’s Canola Industry

Adding Billions to the Economy

Canada’s Canola Industry - Adding Billions to the Economy

In 2008, the Canola Council of Canada commissioned an economic analysis of the annual socio-economic impact of the canola industry in Canada. The results show:

VALUES February 2008 In 2008, Canola added $14.1 billion in economic activity to the| Canadian economy.

• • • • • •

Although a large portion of this wealth is generated in western Canada, Quebec and Ontario benefit as well, with canola generating $1.38 billion in Ontario and Quebec (primarily in the processing sector). The world wants all the canola we can produce. In absolute numbers, exports of canola quadrupled from a level of just under $705 million in 2000 to over $2.8 billion in 2006. Anticipated demand in bio fuels will drive this up in the future. In 2008 canola generated 21 percent of Canada’s $23.1 billion in gross farm receipts from sale of crops, making it the number one generator of crop receipts of all crops. Canadians have recently begun to turn to unhealthy fats (lard, tallow etc) and are consuming less canola oil – likely owing to recent confusion about fatty acid profiles and human health. Tallow and lard consumption by Canadians is up 35 percent since 2000 while canola consumption is down. Canola production generates over 216,000 jobs in eastern and western Canada as a result of production of the crop, transportation to export, crushing, refining and inclusion in panoply of foods. In the eastern provinces, approximately 37,000 jobs arise directly or indirectly from canola production.

Growing canola adds $4.36 billion/year – based on an average of 9.45 million tonnes per year during 2006, 2007 and 2008, and sold with prices averaging $451.11 per tonne. Crushing canola adds more than $177 million/ year -- based on an average of 3.68 million tonnes crushed domestically in 2006/2007/2008 at nine crushing facilities in four provinces. Refining and processing canola...