$11 Billion spring seeding tops Saskatchewan’s economy as largest annual megaproject: Economic Development Regina
For Immediate Release
May 31, 2023
(Regina) With spring seeding nearing completion across Saskatchewan, Economic Development Regina’s (EDR) Data and Analytics team is examining at the importance of this massive undertaking to local and provincial economies.
“Seeding is without question Saskatchewan’s largest annual megaproject,” EDR President and CEO Chris Lane said. “When you consider the impact of this work extending across our economy, it’s impossible to overstate the value of agriculture to our province and our city.”
EDR’s report, titled Saskatchewan’s Annual Megaproject: Spring Seeding, uses data from a range of sources to understand the impact of this investment – and examine the economic factors at play for producers as the crop year progresses.
All told, Saskatchewan producers will invest more than $11 billion getting their 2023 crops into the ground. While the work doesn’t end once the seed is planted, EDR’s report focuses on field preparation, seed, seed treatment, fertilizer, labour, energy, and other inputs necessary to get to that point.
In addition, the report focuses in greater detail on three key Saskatchewan crops: spring wheat ($3.3 billion), canola ($5.0 billion), and lentils ($922 million).
The report also discusses the impact that seeding, and the agriculture industry, have on Regina. While a comparatively small amount of primary agriculture takes place in the Greater Regina Area, secondary and supporting businesses play a central role in the city’s economy.
“We refer to Regina as ‘The Heartbeat of the New Prairie Economy’ for a reason. Regina’s economy is built on agriculture – so it’s no surprise we’ve become a vital hub for inputs, equipment, business services, trade, and innovation,” Lane said. “If you live here and you’re not directly involved in agriculture or agribusiness, chances are you know someone who is.”
EDR continues to seek and create opportunities to tell Regina’s story to investors, skilled workers and families across Canada and around the world.
For more information, contact:
Chris Bonk
Economic Development Regina
Regina, SK
Phone: 306-565-6388
Email: cbonk@economicdevelopmentregina.com
About Economic Development Regina
EDR is the lead agency for economic development for the Greater Regina Area. We are a not-for-profit public-private partnership and governed by a volunteer Board of Directors, with the City of Regina as its sole shareholder. EDR has a special role as a strategist and activator in our community. We connect people with opportunity – enhancing quality of life and prosperity for citizens.
For more information about EDR and its work, visit www.economicdevelopmentregina.com.
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