Media Release

 
October 1, 2009
 
Research shows potential of a bio-based future

LONDON, ON, October 1, 2009 -
Whether it's ethanol for fuel or blueberries to maintain health, the potential for bioproduct and agri-food industries is enormous with the right regulatory and policy environment, according to David Sparling, a new agricultural expert at Ivey Business School.

Sparling is Ivey's new Chair of Agri-Food Innovation and Regulation – a position created via a $2-million grant from Agriculture and Agri-Food Canada through the Agricultural Adaptation Council – and will research issues facing agriculture, food and bio-based industries.

Recent research from Sparling focuses on the growth of Canada's bioproducts sector, based on surveys from Statistics Canada from 2003 to 2006. It revealed that, although the number of bioproduct firms increased in Canada, the number of people employed at such firms and revenues declined. Sparling attributes the loss to a lack of policy and direction in Canada with respect to bioproducts.

"The key to change is creating a good policy environment to support the industry," he said. "Now that we're seeing new government programs and support, I expect that the results will be dramatically different in the next survey."

Sparling's current research focuses on the challenges firms face in the bioproduct industry, such as managing the regulatory framework, and developing infrastructure. He's also looking at the impact of regulation in the agri-food business for healthy food products, such as blueberries.

"To succeed in the future, we need to adopt new technologies, processes and policies and get everyone working together," he said.

Details of Sparling's research were released today in the October edition of impact, an online monthly publication featuring new research from faculty at the Richard Ivey School of Business. To read the full article, click here: http://www.ivey.uwo.ca/publications/impact/vol15no10-sparling.htm

Colette Southam, an assistant professor of finance at Ivey, also discusses how CEO salaries are set and the impact that cross-listing has on a firm and executive compensation in the Faculty Focus feature. For the full article, click here: http://www.ivey.uwo.ca/publications/impact/vol15no10-ff-southam.htm

 

About the Richard Ivey School of Business, The University of Western Ontario

The Richard Ivey School of Business at The University of Western Ontario (www.ivey.ca) offers undergraduate (HBA) and graduate degree programs (MBA, Executive MBA and PhD) in addition to non-degree Executive Development programs. Ivey has campuses in London (Ontario), Toronto, and Hong Kong. Ivey recently redesigned its curriculum to focus on Cross-Enterprise Leadership â€" a holistic issues-based approach to management education that meets the demands of today's complex global business world.

For more information, please contact:
Dawn Milne, Richard Ivey School of Business, 519-850-2536, dmilne@ivey.ca