Welcome!

Microsoft Cloud Authors: Pat Romanski, Elizabeth White, Liz McMillan, Mihai Corbuleac, David Bermingham

News Feed Item

Canada's food industry is ready to take on the world if markets are allowed to flourish

OTTAWA, Dec. 3, 2012 /CNW/ - The Canadian food industry is economically viable, and would be even more competitive if federal and provincial governments allowed firms to operate in an open marketplace, according to a Conference Board of Canada report for its Centre for Food in Canada.

To help food companies grow and prosper, Canadian governments should gradually remove agriculture support programs and focus their attention on areas of public interest that are not properly addressed by competitive markets.

"The areas that require greater government attention include those in which Canada has had numerous high-profile challenges and shortcomings, including food safety, healthy food, diet-related chronic disease, and the environment," said Michael Bloom, Vice-President, Organizational Effectiveness and Learning at the Conference Board.

Taken as a whole, the sky is the limit for the food sector, and the biggest opportunities are international. Canada's population and demand for food are growing slowly compared to less-developed countries, and most of these countries are net importers of food.

Canada starts from a strong position: it is already one of only a handful of countries that is a major net exporter of food. Canadian governments and food companies face the strategic choice of whether to position themselves to capture rapidly growing foreign demand or focus on serving the slow-growing Canadian market.

The report, The Sky's the Limit: The Viability of Canada's Food Economy, highlights product areas where Canada is internationally competitive as an exporter, including, wheat, rapeseed (canola), cattle, and lentils.

Six actions could further improve the viability of Canada's food economy.

Expand the sources of capital - Too little non-bank capital flows into the agricultural sector at present. Part of the challenge to increasing the capital available to agriculture is to overcome the view that farms should only be family businesses. The report's case studies illustrate how agricultural enterprises can create innovative partnerships with capital investors. Canada has a well-developed financial sector and having capital funds invest more in primary agriculture would give the industry a much-needed boost.

Borrow approaches from other sectors to expand internationally - Companies in the energy, forestry, and mining industries are focusing on new markets; the food sector can learn from the experience of these commodity-based businesses.

Improve firm and farm performance by enhancing management capacity— Agriculture is one of the most highly regulated and planned sectors of the Canadian economy, with numerous significant subsidies and trade barriers. Nevertheless, the majority of food companies operate in competitive markets, where management decisions have greater influence on a firms' bottom-line performance. Thus, the viability of Canadian food companies depends much on the competence of food company management. Government policy, meanwhile, should remove barriers that prevent successful food companies from expanding their operations.

Reform government support programs - Since 2003, Canadian consumers and governments provided an estimated $81.9 billion in total support to the agricultural sector, including $20.7 billion in market price support to milk producers. As described in another Conference Board report, Canada's Supply-Managed Dairy Policy: How Do We Compare?, these programs serve neither the industry nor Canadian consumers well.

Channel government efforts to address public interest issues that build trust in the food system -  Ideally, government efforts and spending should be focused on areas of genuine public interest that are insufficiently addressed by markets, such as food safety and environmental performance. Canadians expect safe and healthy food - governments should work with the industry to build trust in the food system.

Improve Canadians' economic literacy - Canadians need to be made aware that the country's food output is growing rather than falling, that Canada is one of the few long-term net exporters of food, and that rising exports would not put Canadians' food security at risk because food suppliers will naturally find benefits in servicing the domestic market first.

The report is one of 20 being prepared by the Conference Board's Centre for Food in Canada. The principal goal of the Centre is to engage stakeholders from business, government, academia, associations, and communities in creating a Canadian Food Strategy —one that will meet the country's need for a coordinated, long-term strategy on industry prosperity, healthy and safe food, consumer security, and environmental sustainability. View video commentary about the Canadian Food Strategy.

View video commentary by Michael Grant, Director of Research, Centre for Food in Canada.

Link to publication: http://www.conferenceboard.ca/e-library/abstract.aspx?did=5129

SOURCE Conference Board of Canada

Video with caption: "Viability of Canada's food economy ". Video available at: http://www.youtube.com/watch?v=LTW98b0Xgvg

Video with caption: "Canadian Food Strategy". Video available at: http://www.youtube.com/watch?v=-3OU2Efpx98

Image with caption: "Public views of government support of farmers (CNW Group/Conference Board of Canada)". Image available at: http://photos.newswire.ca/images/download/20121203_C5383_PHOTO_EN_21444.jpg

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
Basho Technologies has announced the latest release of Basho Riak TS, version 1.3. Riak TS is an enterprise-grade NoSQL database optimized for Internet of Things (IoT). The open source version enables developers to download the software for free and use it in production as well as make contributions to the code and develop applications around Riak TS. Enhancements to Riak TS make it quick, easy and cost-effective to spin up an instance to test new ideas and build IoT applications. In addition to...
When people aren’t talking about VMs and containers, they’re talking about serverless architecture. Serverless is about no maintenance. It means you are not worried about low-level infrastructural and operational details. An event-driven serverless platform is a great use case for IoT. In his session at @ThingsExpo, Animesh Singh, an STSM and Lead for IBM Cloud Platform and Infrastructure, will detail how to build a distributed serverless, polyglot, microservices framework using open source tec...
IoT offers a value of almost $4 trillion to the manufacturing industry through platforms that can improve margins, optimize operations & drive high performance work teams. By using IoT technologies as a foundation, manufacturing customers are integrating worker safety with manufacturing systems, driving deep collaboration and utilizing analytics to exponentially increased per-unit margins. However, as Benoit Lheureux, the VP for Research at Gartner points out, “IoT project implementers often ...
Presidio has received the 2015 EMC Partner Services Quality Award from EMC Corporation for achieving outstanding service excellence and customer satisfaction as measured by the EMC Partner Services Quality (PSQ) program. Presidio was also honored as the 2015 EMC Americas Marketing Excellence Partner of the Year and 2015 Mid-Market East Partner of the Year. The EMC PSQ program is a project-specific survey program designed for partners with Service Partner designations to solicit customer feedbac...
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to imp...
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his Day 2 Keynote at @ThingsExpo, Henrik Kenani Dahlgren, Portfolio Marketing Manager at Ericsson, discussed how to plan to cooperate, partner, and form lasting all-star teams to change t...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Bradley Holt, Developer Advocate a...
Connected devices and the industrial internet are growing exponentially every year with Cisco expecting 50 billion devices to be in operation by 2020. In this period of growth, location-based insights are becoming invaluable to many businesses as they adopt new connected technologies. Knowing when and where these devices connect from is critical for a number of scenarios in supply chain management, disaster management, emergency response, M2M, location marketing and more. In his session at @Th...
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. Big Data at Cloud Expo - to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA - has announced its Call for Papers is open. Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is...
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...