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Food and beverage sales to fall in 2024; processor margins to improve

Stabilizing or declining input prices working their way through the supply chain, FCC says

Farm Credit Canada is predicting Canadian food and beverage sales will fall slightly this year as consumers manage tight budgets. Gross margins, however, should increase as the effects of falling commodity prices work their way through the supply chain, the farm lender said in an April 9 news release.



The money will be aimed at improving living quarters for temporary foreign workers, the federal government said.  Photo: Getty Images

Agriculture workers not mentioned in TFW rule changes

Food processing sees foreign worker limit reduced by ten per cent; construction, healthcare exempted

The federal government announced Thursday that, effective May 1, some sectors would be allowed no more than 20 per cent of their workforces to be made up of temporary foreign workers (TWFs) brought in via the low wage stream—down from 30 per cent since 2022. 


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Protein sector faces labour crunch: report

Nearly two thirds of agri-food companies can't hire all the workers they need

Government, industry and educational institutes must act now to address the labour challenges confronting the emerging plant-based protein industry in Saskatchewan and Manitoba, according to a new report.

Feds plan to invest in processing projects

Feds plan to invest in processing projects

The money comes from a fund earmarked to help supply managed sectors hurt by trade deal

The federal government will invest $89 million in 49 processing projects in the supply managed sector. Agriculture minister Lawrence MacAulay was in Ingleside, Ont., at the Lactalis Canada cheese plant to make the Feb. 5 announcement. The projects are through the six-year, $397.5-million Supply Management Processing Investment Fund, which is part of Ottawa's commitment to help sectors that lost market share due to trade agreements.