REGINA (Staff) – Canadian Western Agribition lost money in 1995, but organizers say the event continues to be a success as an international show and marketplace.
“Lower revenues from gate admissions, food and the casino all contributed to a net income loss before depreciation of $32,001,” said Wayne Gamble, executive vice president.
The shortfall is mainly attributed to a one-time fund of $25,000 set aside for the show’s 25th anniversary celebration last year.
Gate admissions were just more than 143,000, down from record attendance in 1994 of 160,000. Auction sales totaled $2.4 million, down from $2.5 million the year before.
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Outgoing Agribition president Brian Rossnagel said new initiatives such as satellite livestock sales and a Sunday matinee rodeo performance “demonstrated Agribition’s ability to diversify while maintaining its focus on the beef industry.”
Agribition released financial figures last week indicating the week-long show has an annual economic impact in Regina of $21.3 million.
A study done during the 1995 show found visitors spend 30 percent of their money shopping, 30 percent on meals, 24 percent on accommodation and 16 percent on entertainment.
The study was funded by a contribution from the city. This year’s show runs Nov. 23 – 29.
