Agriculture Minister Keith Colwell is praising the Nova Scotia Cattle Producers for a huge increase in farm gate value, and will speak at their annual meeting this weekend.
The estimated farm gate value, the net value of a commodity when it leaves the farm, for the beef industry for 2014 is $28 million to $31 million, up from $22.12 million in 2013.
There are about 475 registered cattle producers, and about 700 total, across the province. Market prices are at an all-time high.
“This is a very optimistic time for the beef industry in Nova Scotia,” said Mr. Colwell. “We are experiencing increased demand for local beef along with record-high market prices, creating the perfect environment for us to grow this important industry.”
Mr. Colwell will address the Nova Scotia Cattle Producers’ annual general meeting Saturday, Feb. 21, in Truro.
This year, the department is supporting Nova Scotia Cattle Producers with funds to improve safe handling during transportation, and health procedures where the animal needs to be kept still.
About 16,000 feeder calves were sold in 2014, and about another 4,000 cattle slaughtered.