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Economic thoughts on the potential implications of COVID‐19 on the Canadian dairy and poultry sectors
Author(s) -
Weersink Alfons,
Massow Mike,
McDougall Brendan
Publication year - 2020
Publication title -
canadian journal of agricultural economics/revue canadienne d'agroeconomie
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.505
H-Index - 37
eISSN - 1744-7976
pISSN - 0008-3976
DOI - 10.1111/cjag.12240
Subject(s) - covid-19 , business , hospitality , closure (psychology) , supply management , production (economics) , dumping , agricultural economics , marketing , economics , international trade , market economy , geography , biology , tourism , medicine , power (physics) , physics , disease , archaeology , pathology , quantum mechanics , virology , macroeconomics , outbreak , infectious disease (medical specialty)
The dumping of milk, the offering of hospitality size goods in grocery stores, and the closure of processing facilities are examples of the disruptions caused by the pandemic to the dairy, poultry, and egg sectors. These supply management sectors, however, are more resilient to the impacts of COVID‐19 than other sectors as producers are generally more financially stable, losses are pooled, and production/marketing efforts are coordinated.