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Tag Archives AgriStability

General, Markets, Weather

AgriStability proposal could have hidden cost, Pedersen warns

Manitoba's ag minister warns Bibeau's plan may hurt crop insurance, AgriInvest funding

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Ottawa’s proposal for an improved AgriStability program could give farmers short-term gain for long-term pain, Manitoba’s agriculture minister Blaine Pedersen warns. At the online federal-provincial-territorial agriculture ministers’ meeting on Friday, federal Agriculture Minister Marie Claude Bibeau proposed dropping AgriStability’s maximum reference margin, and increasing the compensation rate from 70 to 80 per cent retroactively this […] Read more
General

No BRM breakthrough reached at ministers’ meeting

AgMins fail to find solution to business risk management program woes

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No consensus on changes to business risk managements (BRM) programming was reached during the latest round of federal-provincial-territorial agriculture ministers’ meetings. After the meetings ended Friday, federal Agriculture Minister Marie-Claude Bibeau explained Ottawa was willing to maintain the current cost sharing of the programs at a 60-40 split between her government and the provinces. Bibeau’s […] Read more
General

AgriStability in Bibeau’s sights as ministers’ meeting booked

Removing reference margin limit a palatable option

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Federal, provincial and territorial (FPT) ministers of agriculture are scheduled to meet Nov. 20 and 27 to discuss improving business risk management (BRM) programs. Federal Agriculture Minister Marie Claude Bibeau said she is confident counterparts from Quebec, Ontario and British Columbia will be willing to contribute their share to make significant improvements to AgriStability, the […] Read more
Hogs, Livestock, Markets, Reuters

Hog farmers face prolonged pain as pandemic gives way to glut

Canadian Pork Council takes new tack on AgriStability reform

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Winnipeg | Reuters — North America’s hog farmers face prolonged pain beyond the COVID-19 pandemic that has interrupted packing plants , as a pig glut in the U.S. holds prices low and pressures producers to downsize. Many North American hogs had nowhere to go in spring as slaughter plants suspended production due to workers becoming […] Read more
General, Markets, Weather

No timeline yet set for BRM reforms

Changes put on hold along with ministers' meeting

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Ottawa — Federal Agriculture Minister Marie-Claude Bibeau has confirmed any reforms to business risk management (BRM) programs are being delayed. That confirmation came during a wide-ranging media availability Bibeau held Tuesday. In March, Tom Rosser, an assistant deputy minister at Agriculture and Agri-Food Canada (AAFC), said the government is looking at a number of options […] Read more
General, Markets

COVID-19 aid ‘falls short,’ farm groups warn

Aid package includes AgriRecovery for cattle, hog sectors

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Ottawa — Despite Prime Minister Justin Trudeau saying more money will be provided if needed, the agriculture sector continues to criticize Ottawa’s $252 million in COVID-19-related financial aid offered to producers and processors. “If we have to add more, we will,” said Trudeau, after announcing new funding and programming. The federal government is offering an […] Read more
General, Markets

CFA seeks $2.6 billion in support for producers

Federal officials sought specific numbers from ag industry

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Ottawa — Canada’s agriculture industry is seeking an initial $2.6 billion in COVID-19-related emergency relief funding from the federal government. Canadian Federation of Agriculture (CFA) officials put in the ask to the federal government on Thursday. According to second vice-president Chris van den Heuvel, federal officials asked the CFA “to go and put hard numbers […] Read more
Hogs, Livestock

Pork sector’s calls for aid heard, not yet answered

Federal government says it's examining "all options"

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Federal Agriculture Minister Marie-Claude Bibeau’s office said late last week the government is working “around the clock” to respond to the pandemic’s impact on farmers and agri-food businesses. But there was no commitment to the direct support Canadian pork industry officials say is now necessary to carry the sector through a crisis which has led […] Read more
General, Markets

P.E.I. plans AgriStability top-up, AgriInsurance discount

Province also pledges potato storage funding

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Prince Edward Island’s response to COVID-19 includes plans to pump up its farmers’ coverage level under the federal/provincial AgriStability income stabilization program. The P.E.I. government on Thursday announced a support package for farmers including $8.8 million over two years in additional business risk management (BRM) program funds. That includes paying the provincial portion of the […] Read more
General, Markets

Saskatchewan to bump up AgriStability interim payouts

Allowable percentage of final benefit raised

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Saskatchewan farmers hoping to boost cash flow with an AgriStability interim payment can now apply to get up to three-quarters of their final payment for 2020. The Saskatchewan and federal governments announced an agreement Friday to increase the 2020 AgriStability interim benefit payment percentage to 75 per cent for producers in that province, up from […] Read more

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