CALGARY, Alta. — Statistics Canada figures have confirmed the BSE crisis in Canada has had a huge impact on livestock exports.
“The BSE crisis has … crippled the nation’s value of beef exports to the world,” StatsCan wrote in its annual report on livestock estimates.
Cattle and beef exports were just $1.9 billion in 2004 which is less than half the pre-BSE amount. Meanwhile, Canadian ranchers are stuck with a record 15.1 million head of cattle.
The huge inventories will impact ranchers as a result of higher overheard costs. While some beef products were allowed to be sold to the U.S. as of the fall of 2003, live cattle still aren’t allowed to cross the border. The ban on young Canadian cattle will be lifted March 7.
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