Agriculture Outlook Report

Project Background: Driven by an ever-increasing global demand for food and bio-products, Alberta’s agriculture industry is thriving. Food manufacturing is Alberta’s second-largest manufacturing industry behind oil and gas with $24.3 billion of total sales in 2023. Value-added products made up 54.1 per cent of that total, highlighting a growing interest in processing more of what we grow. This trend is also reflected in increasing investment in new or expanded processing facilities. In 2023-24,