GFM Network News

More News →

Tag Archives AgriStability

General, Markets, Weather

No timeline yet set for BRM reforms

Changes put on hold along with ministers' meeting

By ,
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

By ,
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

By ,
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"

By ,
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

By ,
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

By ,
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
General, Markets

Farm groups offer finance committee food security for thought

By ,
The Canadian Federation of Agriculture (CFA) continues to pressure the federal government to offer more support for farmers as it looks to mitigate impacts of COVID-19. One of few parliamentary functions continuing to operate in the pandemic, the Commons standing committee on finance is responsible for studying and reporting on matters related to government spending. […] Read more
General, Markets

AgriStability deadline extended for 2020

Income stabilization plan's latest enrolment date stretched nine weeks

By ,
The federal government and provinces have agreed to spot farmers nine extra weeks to enroll in AgriStability for the 2020 program year. The governments on Friday announced the AgriStability enrolment deadline for 2020, previously April 30, has been extended without penalty to July 3. The decision by Ottawa, the provinces and territories “will enable the […] Read more
General

CFA seeks immediate cash for farmers

Farm and industry leaders say more needed beyond measures already announced

By ,
The Canadian Federation of Agriculture wants the federal government to provide immediate stimulus to farmers through business risk management (BRM) programs as part of its ongoing response to COVID-19. At a recent board meeting, the organization representing about 200,000 farmers across Canada passed motions calling for increased funding to the AgriInvest BRM program — and […] Read more
General, Weather

Quebec ag lender offers break on loan payments

Crop insurance enrolment deadline also postponed

By ,
Quebec’s provincial farm lending agency is set to offer a six-month moratorium on loan repayments to any customers who ask for one, against what it describes as a “crisis” for the ag sector. La Financiere agricole du Quebec (FADQ) said Saturday the six-month stay would help lighten the obligations for farm businesses, providing them liquidity […] Read more

Special Podcast Series

AgCanadaTV

AGCanadaTV: In Case You Missed It – Your National Ag News Recap for the week ending August 7, 2020.

Sponsored By:
More Videos →

Daily Newsletter

You'll receive current daily news every morning free, as well as market updates and special features.