July 10, 2009, Regina, Sask. – The Canadian Federation of Independent
Business (CFIB) recently released its first monthly Agriculture
Business Barometer for June 2009.
July 10, 2009, Regina, Sask. – The Canadian Federation of Independent Business (CFIB) recently released its first monthly Agriculture Business Barometer for June 2009.
The industries most pessimistic are agriculture with an index level of 47.9 (likely due to ongoing challenges in the livestock sector and drought conditions in parts of the West), natural resources at 46.0 and the transport sectors at 51.2. When compared to the national business confidence findings of 58.5 (almost two points below the May level), it is clear the agricultural sector continues to struggle. (Visit www.cfib.ca/agri/ for further details).
“CFIB’s Business Barometer reflects the number of challenges the Canadian agricultural sector is dealing with, whether it be in the livestock sector or producers facing severe drought,” said Marilyn Braun-Pollon, CFIB’s vice-president for agri-business.
“Our agri-business members want to earn a profit from the marketplace, not the mailbox. These are really programs of last resort, but when producers do need them they must be transparent, accessible, predictable and timely. We hope the governments will deliver,” Braun-Pollon concluded.
CFIB’s index is a weighted average of response scores: 100 for stronger performances, 50 for consistent performances, and 0 for weaker performances. Further details can be found by clicking here.
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