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Tag Archives AFSC

(AFSC.ca)
General, Machinery & Shop

Alberta ag lender drops rural business loans

AFSC not taking new applications for program

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A program offering term loans to small- and medium-sized businesses in rural Alberta is off the provincial ag lending agency’s menu. Alberta’s Agriculture Financial Services Corp. (AFSC) announced Thursday it had discontinued its Rural Business Loan Program effective immediately, so as to “concentrate its efforts on agricultural producers and agribusinesses.” The decision means no new […] Read more
File photo of hogs in transit near Red Deer, Alta. (Stefonlinton/iStock/Getty Images)
Hogs, Livestock, Markets

Alberta hog farmers to get set-aside via AgriRecovery

Producers get funds for feeding held-back market hogs

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An AgriRecovery plan announced Friday is set to pay eligible Alberta farmers 95 cents per day per market-ready hog toward the animals’ upkeep during the shutdown of the province’s biggest hog slaughter plant. Olymel, the meat packing arm of Sollio Co-operative, reopened its plant at Red Deer this week after announcing Feb. 15 it would […] Read more
AFSC CEO Darryl Kay announced a 20 per cent cut in farmers’ AgriInsurance premiums for the 2021 crop year on Jan. 25. (AFSC video screengrab via YouTube)
Crops, Weather

Alberta crop insurer taps reserve to cut premiums

AFSC to pare premiums by 20 per cent

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The reserve at Alberta’s Crown crop insurance agency will be tapped to offset the premiums charged to farmers for the 2021 crop year, and possibly for longer. The province’s Agriculture Financial Services Corp. (AFSC) said Monday its farmer customers will get a 20 per cent discount on crop insurance premiums this year — which on […] Read more
File photo of stormy conditions over Alberta fields. (Larry Stickney/iStock/Getty Images)
Crops, Weather

Alberta’s AFSC to refund hail premiums on drowned crops

Agency taking applications until Sept. 11

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Grain growers in Alberta’s Peace, northeastern and northwestern farming regions whose waterlogged crops are deemed “non-viable” can now file for full refunds on AFSC hail insurance premiums. AFSC, the province’s Agriculture Financial Services Corporation, announced Wednesday it will accept such applications from eligible growers from now until Sept. 11. Applications will be available online through […] Read more
Shutdowns and slowdowns at packing plants caused by COVID-19 have created a backlog of 130,000 cattle that must be fed until they can be processed.
Beef Cattle, Livestock

Packing plants back on track, but future uncertain

With a huge backlog of animals to work through, cattle groups are fearful of what comes next

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Reading Time: 3 minutes Alberta’s beef-packing plants are working at or near full capacity but the crisis is not over yet, say cattle leaders. “Our processing capacity has continued to increase over the past few weeks and cattle prices have been relatively strong, but markets are still vulnerable to a disruption in the processing plants,” Alberta Beef Producers chair […] Read more
(Photo courtesy Canada Beef Inc.)
Cow-Calf, Livestock, Markets

WLPIP calf price insurance deadline extended

Three-week extension includes nine purchasing days

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Cattle producers in the western provinces will get extra decision-making time this year on the calf price insurance available through Western Livestock Price Insurance (WLPIP). The Prairies’ Crown ag insurance corporations announced Thursday that the deadline to buy WLPIP calf price insurance for 2020 has been extended to June 18. The new deadline, reset from […] Read more
(Government of Alberta via Flickr)
Beef Cattle, Forages, Pasture, Weather

Loans pledged for wildfire-damaged Alberta farms

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Ranchers and farmers in two southeastern Alberta municipalities hit by wildfire in mid-October may soon be able to apply for interest-free rebuilding loans. The province’s Agriculture Financial Services Corp. (AFSC) on Wednesday announced loan applications will be available Jan. 8 for eligible producers in Cypress County and the MD of Acadia. Applications under the Hilda […] Read more
Crops, News

Crop insurer says it is ‘streamlining’ inspection process

AFSC is also asking producers to gather information to speed up the assessment of unharvested acres


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Reading Time: < 1 minute Here’s what AFSC says it has done to “streamline inspection processes in order to expedite assessments”: The number of required field counts has been reduced when appraising wildlife damage and potential production on the unharvested acres, relying on the inspector’s judgment to do more counts when required. Allow visual appraisals on crops where, in the […] Read more
Jennifer Wood, new chair of the Agricultural Financial Services Corporation board, is introduced at a press conference by Agriculture Minister Oneil Carlier.
News

New board put in charge of province’s scandal-plagued crop insurer

Many well-known faces in the ag community are on the new board of the Agricultural Financial Services Corporation

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Reading Time: 2 minutes Ten months after dismissing the board of directors of the Agricultural Financial Services Corporation, Agriculture Minister Oneil Carlier has finally named its replacements. And the board’s first action will be to find a new chief executive officer to replace one who was suspended with pay last June after the provincial auditor found a host of […] Read more
(AFSC.ca)
Crops, Weather

Alberta recruits new board for AFSC

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Alberta’s provincial government has named a new board of directors to its farm financing and crop insurance agency, to replace the board it fired last year. Agriculture Minister Oneil Carlier on Thursday announced the appointment of a new eight-member board for the provincial Agriculture Financial Services Corp., (AFSC), which has been handled by an interim […] Read more

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