Saskatchewan’s value-added agricultural sector has reached a record $8.4 billion in revenue for the 2024-25 fiscal year, nearly doubling its performance from a decade ago.
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The provincial government released the figures April 29, noting the sector is currently on pace to meet its 2030 Growth Plan target of $10 billion in annual revenue.
Agriculture minister David Marit attributed the growth to a surge in investor confidence, highlighted by recent plant openings and industrial expansions.
“Thanks to the strength of this sector and the quality of our crops and livestock, Saskatchewan is on track,” Marit said in a news release.
The province’s food manufacturing industry, which accounts for nearly 95 per cent of total value-added revenue, saw its value increase by 150 per cent between 2012 and 2024. According to preliminary Statistics Canada estimates, this growth rate has surpassed all other Canadian provinces during that period.
Trade and export development minister Warren Kaeding said the sector now includes more than 300 food processors employing more than 5,000 people.
“It strengthens Saskatchewan’s economy by keeping more value in the province, increasing investment, creating jobs and building opportunities here at home,” Kaeding said.
The province also highlighted progress on its goal to process 75 per cent of Saskatchewan-grown canola within provincial borders. Key contributors to this goal include the opening of Cargill’s new facility in Regina and the expansion of the Louis Dreyfus Company canola crush plant in Yorkton.
The announcement comes as industry leaders gather in Saskatoon this week for the Agri-Value Forum and Networking Event, which runs from April 30 to May 1.
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