Video SpotlightGROW in WINNIPEG: Agribusiness
Grow Faster: Agricultural Powerhouse
Agriculture nourished Winnipeg’s growth and continues to feed our economic success. The Canadian Grain Commission, Canadian Wheat Board and ICE Futures Canada (Canada’s leading agricultural exchange) are rooted here. Prairie headquarters and thriving agribusinesses—including farm equipment manufacturers, transportation and logistics firms, food processing companies and agri-marketing organizations—make Winnipeg a global agricultural powerhouse.
While commodity markets like grain and livestock are substantially mature, extraordinary potential for growth exists with functional foods, biocomposites and biofuels. R&D efforts are fertilizing innovative new products for the agri-food and fibre industries, for value-added food processing firms, for manufacturing and technology companies, and for the life sciences and biotech industries.
From seed to harvest, from field to boardroom, agribusiness grows faster in Winnipeg.
Winnipeg’s agribusiness sector is divided into two industry categories: agricultural production and food manufacturing. Within the agricultural production industry, farm receipts for Manitoba were nearly $6.0 billion in 2014, including $2.5 billion in livestock receipts and $3.2 billion in crop receipts. The food manufacturing sector in Manitoba earned $4.6 billion in revenues in 2013.
Winnipeg’s agribusiness sector offers a diverse set of opportunities for value-added food manufacturing Food manufacturers in Manitoba benefit from low factor costs and excellent multi-modal distribution networks that efficiently transport products to markets across North America and beyond.
Cutting-edge research by an impressive network of world-leading food research and development entities has strengthened Winnipeg’s position as a leader in the industry. Winnipeg is famous for the development of canola at the University of Manitoba. The university today is home to an Agriculture and Agri-Food Canada research centre, the Monsanto Crop Development Centre, and the Richardson Centre for Functional Foods and Nutraceuticals.
- The agribusiness industry in Manitoba earned revenues of $10.7 billion in 2013.
- The sector is largely export-focused with exports in excess of $5.9 billion in 2014.
- Manitoba accounts for approximately 12 per cent of Canada's primary agricultural production each year.
- Revenues within Manitoba’s food-processing industry grew by 25 per cent between 2007 and 2013.
- Established in 1857, Winnipeg-based James Richardson & Sons is now one of the largest private companies in Canada, with annual revenues exceeding $9.4 billion in 2014.
- The food processing industry in Winnipeg employs almost 6,500 workers and is home to more than 170 food and beverage product manufacturers.
- Nine world-recognized major food development and research centres are based in Winnipeg, with more in the surrounding area.