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The Rural Voice, 2002-07, Page 43Ag News Information on the current state of the elk industry will be available. Continued from Pg. 38 also a prime opportunity for interested members of the farming community and general public to learn more about a growing industry. There are currently over 1,200 elk farms and 80,000 elk in Canada. The estimated value of these livestock plus the dedicated facilities and fencing on the these farms is currently over $500 million dollars. Gross receipts for the Canadian elk farming and velvet antler industry in 1999 were estimated at $80 million dollars, placing the industry alongside some of the most significant components of Canada's agricultural industries. In recent years, the elk industry has experienced significant fluctuations in both breeding stock and velvet antler prices, from as low as $20 per pound and as high as $120 per pound for velvet. The industry is now rebounding. Because of its variety of revenue sources (velvet antler, meat, breeding stock and trophy hunting), elk farming has the capacity to be an increasingly important player in Canada's agricultural community. Elk velvet is probably the number one market. Each spring, males grow new antlers. Antler is the fastest growing animal tissue and can grow at rates of an inch or more per day. This new growth, which is soft and highly vascular, grows and develops Continued on Pg. 40 Barrie Metals Ltd. Steel Depot Full Product Range Cut to 'size service Shearing / flame cutting Express delivery available • NEW • RANDOMS • SECONDS • USED Call us today for your competitive quotation 220 John Street Owen Sound Tel: (705) 728-1643 Barrie, Ontario Tel:.(519) 371-0803 Fax: (705) 725-8212 LAN 2L3 Fax: 519 371-5795 Wan: (888) 340-7272 clirritage BUILDERS LTD. We build all types and all sizes of Agricultural, Commercial & Residential Buildings to suit your needs. c..Virritagr BUILDERS LTD. If you are thinking about building -- CALL US C B• Harriston, Ontario 519-338-2111 JULY 2002 39