Despite more than $7 billion in export losses over the last 26 months, the predicted collapse of the industry never came to pass. The federal and provincial governments provided $2 billion in aid programs to keep producers afloat after bovine spongiform encephalopathy (BSE) was detected in an Alberta cow in May 2003.
Many operations, though, saw decades of equity evaporate while they sold animals at a loss. Most have become largely "hired hands'' by dramatically increasing the number of animals being fed for other interests, primarily Americans who bought cattle speculating they would make a profit when the border reopened.
Ron Axelson of the Alberta Cattle Feeders says few people were forced out by the banks, but he expects some will quietly leave the business soon after rebuilding a bit of equity.
"I think there will be those who chose to leave ... some who have spent 30 or 40 years in the business who'll say it's time to pass this on,'' said Axelson. "The rebuilding of the industry is an onerous task and I think there's some who will say `I'm not up to it'.''
http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/1122832799852_4/?hub=Canada
[Proofreader's note: this article was edited for spelling and typos on August 1, 2005]
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Dave Ruston
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If I stand for my country today...will my country be here to stand for me tomorrow?