Description: It’s spring. The sap is flowing. And the world’s largest maple syrup producer, the Province of Quebec, is facing increased competition from American competitors. Whereas Quebec once controlled 80% of the market through its tight supply management system, it is predicted that by 2018, that figure could drop to 63%.
Date: April 6, 2015
1) Are you a maple syrup fan? How much of a premium would you pay for real maple syrup over a maple-flavoured substitute?
2) What may be some strategies Quebec producers could use to combat the decline in market share?
3) How would a farm’s maple trees be accounted for on a set of financial statements?