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===Agriculture=== The climate and the small amount of available land militate against activities such as farming and livestock raising (weather conditions are severe, confining the [[growing season]] to a few weeks, and the soil contains significant [[peat]] and [[clay]] and is largely infertile).<ref name="om-eco">[http://www.outre-mer.gouv.fr/?economie-saint-pierre-et-miquelon.html Economie β L'Outre-Mer] {{webarchive |url=https://web.archive.org/web/20120522153035/http://www.outre-mer.gouv.fr/?economie-saint-pierre-et-miquelon.html |date=22 May 2012 }}</ref> Since 1992 the economy has been in steep decline, following the depletion of fish stocks due to [[overfishing]], the limitation of fishing areas and the ban imposed on all cod fishing by the Canadian Government.<ref name="bbc-cod">{{cite news |last=Law |first=Bill |url=http://news.bbc.co.uk/2/hi/programmes/crossing_continents/4781886.stm |title=French islands bid for oil-rich sea |publisher=BBC News |date=8 March 2006 |access-date=8 February 2013 |archive-url=https://web.archive.org/web/20121203143935/http://news.bbc.co.uk/2/hi/programmes/crossing_continents/4781886.stm |archive-date=3 December 2012 |url-status=live }}</ref>
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