(Alice McFarlane/farmnewsNOW Staff)

By Alice McFarlane

Canadian Western Agribition 2022

Agribition continues to have an economic impact

Jan 31, 2023 | 3:17 PM

MELFORT, Sask. – Canadian Western Agribition (CWA) continues to make a significant contribution to the Regina and Saskatchewan economies.

This according to a recent study conducted by Praxis Consulting Ltd.

The study, commissioned by CWA following the 2022 show, showed a 31 per cent increase in the overall economic impact since its last assessment, bringing the total contribution to $96.5 million which is up from $73.6 million in 2017.

CWA CEO, Shaun Kindopp said the show is a major economic driver.

“It’s just good to break it down, showcasing how many people are truly affected by exhibition and just how much we bring to the the Regina community and the province,” Kindopp said. “The results of this study are a testament to the growth and success of Agribition.”

Agriculture Roundup

Agriculture Roundup for Wednesday, October 30, 2024

Oct 30, 2024

organic crop

Wild rice production plummets compared to 2023

Oct 23, 2024

Connecting Farmers to Available Land

Young Agrarians to host Land Linking Workshop in Kelowna

Oct 16, 2024

The study also highlighted $979,000 in trade show booth sales and livestock sales totaling $2.2 million.

Kindopp said the study also found CWA generates $17.7 million in government revenue annually, including $8.3 million in federal revenue, $8 million in provincial revenue, and $1.4 million in municipal revenue.

“We’re proud to have such a positive impact on our province and city and look forward to continued growth in the future,” Kindopp said. “It’s a very important show and heading into 2023 we definitely want to carry that momentum and we’re here’s hoping that we can reach $100 million next year.”

Kindopp said it’s a place where business gets done and they want to continue to build on that.

“We’ve got people coming from all over the world year after year and it’s a huge part of who we are. We have such an international following and we’re proud that this is where they want to come and do business,” he said.

Full financial details from Agribition will be presented at the annual general meeting on April 19.

—

alice.mcfarlane@pattisonmedia.com

On Twitter: @farmnewsNOW