May 15, 2019
by PETER MITHAM
Capital spending by BC agribusinesses is set to rise in 2019, according to Statistics Canada.
Ottawa expects crop and livestock operations in the province to spend $545.6 million on capital projects this year, up 22% from last year. Preliminary calculations indicate that farmers invested $448.6 million last year.
Crop production is the most capital-intensive sector in BC, drawing double the amount of investment that livestock operations did last year. In 2017, the last year for which Statistics Canada has final numbers, crop production saw total investment in new construction, machinery and equipment totaling $244 million versus the livestock sector’s investment of $172 million.
This year, Statistics Canada expects crop production to draw $400.7 million in investment, while investment in livestock operations will edge down 2% to $144.9 million.
The dramatic increases for the agriculture sector reflect surging investment intentions in BC as a whole. Nationally, the average increase is expected to be 2.5%, but the BC average is 12.9%.
Cannabis was not named among the crops fuelling the increase. Greenhouse vegetable production is seeing renewed spending, however, and demand for grapes is spurring vineyard development in the Okanagan. Orchardists are also renovating their properties, with cherry growers expanding into new terrain to meet international demand. [Chris Kloot photo]
Vol. 105 Issue 5
STORIES IN THIS EDITION
What on earth?
Opposition slams ALC bill
Sidebar: Protection & pushback
Editorial: Truth in labelling
Back Forty: So you don’t believe in climate change
Viewpoint: Don’t blame the cows for global warming
Ag council’s lobbying efforts produce results
Learning a new skill
Foundation’s nest egg for funding projects increases
Province will hold the line on piece rates
New CEO aims to kindle team spirit at co-op
FIRB decision prompts rethink of pricing scheme
Beekeepers see potential in technology transfer
AgSafe markes quarter century
Raspberries hit hard by harsh February
Blueberry growers anxious for new varieties
Biological controls for pests in demand
Sidebar: Pesticides in play
Growers urged to focus on fresh
Westgen celebrates 75 years of excellence
Top seller was no-show at Holstein sale
Spring show attracts exhibitors from Quebec
Cheesemakers unite to grow niche market
Range use permits under greater scrutiny
Sidebar: Range use plans go digital
Market Musings: Top bulls sell for top dollar at spring sales
Grapegrowers share sustainability objectives
Grape specialist honoured for dedication
Hazelnut production expands across BC
Sidebar: Pest pressures
Supporters take to AITC’s Sips & Sprouts
Research: Cultured meat fails to impress researchers
UAVs undergo testing for pesticide delivery
Sustainability goes beyond saving farmland
Father and daughter roll with the last of the steel wheels
Woodshed: Susan Henderson is warming to country life
Wannabe: Farming is more than just a job
Surplus, cull fruit finds new purpose as tasty snacks
Jude’s Kitchen: Special food for special moms