AGRIBUSINESS MARKET STUDY June 2020 1 “Go to the centre of the store, you'll find a lot of products processed elsewhere. And what's hurting is that we are actually buying a lot of food from elsewhere in the world with Canadian ingredients in them. We ship out wheat, beef, pork and buy it back in a bottle or a can at ten times the price. We need more investments. That, to me, is the weakest link we have"1 Sylvain Charlebois Director, Agri-Food Analytics Lab Dalhousie University (April 17, 2020) 2 Table of Contents 1.0 INTRODUCTION ............................................................................................................... 7 1.1 Overview of Calgary Economic Development .................................................................................................. 7 1.2 Agribusiness Overview .................................................................................................................................. 7 1.3 Document Purpose ........................................................................................................................................ 7 1.4 Document Exclusions .................................................................................................................................... 8 2.0 SUBSECTOR ANALYSIS .................................................................................................. 9 2.1 Food, Beverage, and Meat Processing .......................................................................................................... 10 Overview - Food, Beverage, and Meat Processing .............................................................................................. 10 Trends - Food, Beverage, and Meat Processing ................................................................................................. 10 Major Players - Food, Beverage, and Meat Processing ....................................................................................... 11 Required Resources in Any Region - Food, Beverage, and Meat Processing ......................................................... 11 2.2 Crop Science ............................................................................................................................................... 12 Overview - Crop Science ................................................................................................................................. 12 Trends - Crop Science ..................................................................................................................................... 12 Major Players - Crop Science ........................................................................................................................... 13 Required Resources in Any Region - Crop Science ............................................................................................. 13 2.3 Animal Genetics .......................................................................................................................................... 14 Overview - Animal Genetics ............................................................................................................................. 14 Trends - Animal Genetics ................................................................................................................................ 14 Major Players - Animal Genetics ....................................................................................................................... 14 Required Resources in Any Region - Animal Genetics ......................................................................................... 15 2.4 Agricultural Food ........................................................................................................................................ 15 Overview - Agricultural Food ........................................................................................................................... 15 Trends - Agricultural Food ............................................................................................................................... 15 Major Players - Agricultural Food ..................................................................................................................... 16 Required Resources in Any Region - Agricultural Food ....................................................................................... 17 2.5 Summary – Subsector Analysis .................................................................................................................... 17 3.0 HORIZONTAL ANALYSIS............................................................................................... 19 3.1 Agricultural Technology .............................................................................................................................. 20 Overview - Agricultural Technology ................................................................................................................. 20 Trends - Agricultural Technology ..................................................................................................................... 20 Major Players - Agricultural Technology ........................................................................................................... 20 Current Geographic Hubs - Agricultural Technology .......................................................................................... 21 Agricultural Technology - Market Risks ............................................................................................................. 21 Most Applicable Subsector - Agricultural Technology ......................................................................................... 22 Required Resources in Any Region - Agricultural Technology ............................................................................. 22 3.2 Artificial Intelligence ................................................................................................................................... 23 3 Overview - Artificial Intelligence ...................................................................................................................... 23 Trends - Artificial Intelligence .......................................................................................................................... 23 Major Players - Artificial Intelligence ................................................................................................................ 23 Current Geographic Hubs - Artificial Intelligence ............................................................................................... 24 Market Risks - Artificial Intelligence ................................................................................................................. 24 Most Applicable Subsector - Artificial Intelligence .............................................................................................. 25 Required Resources in Any Region - Artificial Intelligence .................................................................................. 25 3.3 Agri-finance, Business, and Support Services ............................................................................................... 25 Overview - Agri-finance, Business, and Support Services ................................................................................... 25 Trends - Agri-finance, Business, and Support Services ....................................................................................... 25 Major Players - Agri-finance, Business, and Support Services ............................................................................. 26 Current Geographic Hubs - Agri-finance, Business, and Support Services ............................................................ 26 Market Risks - Agri-finance, Business, and Support Services .............................................................................. 26 Most Applicable Subsector - Agri-finance, Business, and Support Services........................................................... 27 Required Resources in Any Region - Agri-finance, Business, and Support Services ............................................... 27 3.4 Summary – Horizontal Analysis .................................................................................................................... 27 4.0 GLOBAL AGRIBUSINESS HUBS ..................................................................................... 29 4.1 Salinas, California, USA ............................................................................................................................... 29 Overview ....................................................................................................................................................... 29 Notable Players .............................................................................................................................................. 30 Lessons to be Learned .................................................................................................................................... 30 4.2 St. Louis, Missouri, USA .............................................................................................................................. 31 Overview ....................................................................................................................................................... 31 Notable Players .............................................................................................................................................