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Tips: observerxtra.com/tips months now the poultry industry, including egg producers, has been challenged by an avian flu outbreak, affecting almost 300 farms across the country. Many of them are in Ontario. Almost five million birds were culled in the last year, preventing millions in inventory from reaching the market. Supply-side pressures have been significant for a while. As such, prices for chicken, turkey, and eggs have all been impacted by the outbreak.
What also needs to be underscored is that chicken production is supply-managed in Canada. With our quota system, we essentially produce what we need and consume very little imported poultry products. According to Statistics Canada, the average net worth of a poultry and egg farmer in Canada is well over $6 million.
Farmgate prices are set by boards which, in turn, are heavily influenced by production costs. In most years, farm prices will go up and the rest of the supply chain will cope with supply chain economics.
That’s how supply management works. Poultry and egg prices have
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And the survey says ...
The University of Guelph is conducting a survey to gather information on rental rates and farmland values in Ontario. The survey is open to all farmers in Ontario who own and/ or rent farmland. The results of the survey will be made available on the survey website: www.onfarmlandsurvey.com.