The losses sustained by the Canadian beef industry following the discovery of a single cow with BSE in May has amounted to C$2.5 billion ($1.9 billion), according to a study commissioned by the Canadian government as reported in meatingplace.com.
The foregone export sales due to the bans imposed by export markets has amounted to around C$800 million ($616 million). The report also remarks that farming communities in Canada may face increased downsizing as producers move out of the sector.
Source: Meat & Livestock Australia
