First it was Oil – Now the Cattle Industry is Plagued by Low Prices
LETHBRIDGE – It appears another backbone of Alberta’s economy is being impacted by low prices. However, those prices aren’t advantageous for consumers and are impacting an important sector of the agriculture industry.
While Alberta is still dealing with the wallop of reduced oil prices, the province’s economy may be hit by a double whammy, as the cattle industry struggles with low prices. To make things worse, the situation doesn’t appear to be on the radar of government officials.
Local cattleman Bob Balog says his industry is “probably at one of the worst crossroads we’ve seen in a long time.”
“This fall is certainly going to be a challenge and it’s going to , I hope, be able to keep feedlot people and the primary producer both in business, cause right now, it’s pretty touchy.”