Deer values saw further recovery from the low values of 2021 with an average 16% increase in values for Red Deer, Wapiti, and related breeds. The market for velvet has also contributed to an increase in values and there is optimism that the lows of Covid-19 have passed and the export demand for venison continues to strengthen.

Other deer breeds have, on average, fallen back from the gains made in 2022. The market information for other breeds is limited with the value being influenced by the hunting and trophy trade which was significantly impacted by Covid-19. Values will likely recover further as trophy tourism returns to pre-Covid levels.

Disclaimer: This blog has been carefully prepared, but it has been written in general terms only. The blog should not be relied upon to provide specific information without also obtaining appropriate professional advice after detailed examination of your particular situation.