GFM Network News

More News →

Tag Archives AgriStability

File photo of the flags of Canada and its provinces and territories at Canada Place in Vancouver. (lilly3/iStock/Getty Images)
General, Machinery & Shop, Markets, Weather

Feds launch consultations on next ag policy framework

Programming types, cost-sharing among expected contentious points

By ,
Consultations for Canada’s next agricultural policy framework are officially underway. The five-year framework agreement currently in place, known as the Canadian Agricultural Partnership (CAP), is a $3 billion funding deal between federal, provincial and territorial governments that funds a wide range of programming within the sector. That deal, agreed upon in mid-2017, kicked off in […] Read more
Federal Finance Minister Chrystia Freeland appears at a news conference in Ottawa on Sept. 24, 2020. (Photo: Reuters/Blair Gable)
General, Machinery & Shop, Weather

Agriculture, agrifood wish lists pile up ahead of long-delayed budget

Freeland's budget due out Monday afternoon

By ,
Agriculture and agrifood sector stakeholders will learn Monday which of their requests make their way out of the pile and into a long-awaited federal budget. Federal Finance Minister Chrystia Freeland’s 2021 budget is scheduled to be released Monday in the House of Commons, at about 4 p.m. ET. Canadians didn’t get a 2020 budget: it […] Read more
(Lightguard/iStock/Getty Images)
General, Weather

Saskatchewan to pare school tax mill rate for farmland

EPT mill rates to rise for residential, other properties

By ,
Saskatchewan’s latest budget taps down the education property tax (EPT) mill rate it sets on farmland, while raising those mill rates on other property classes. The provincial government, in Tuesday’s budget, set the provincewide EPT mill rate on agricultural land for 2021 at 1.36, down slightly from the previous rate of 1.43. EPT mill rates […] Read more
The latest change to AgriStability is a significant improvement but producers still need a proper business risk management program, says Canadian Cattlemen’s Association president Bob Lowe, who ranches and has a feedlot near Nanton.
News

It’s a start but farm groups and governments eye bigger changes to AgriStability

Changes to the federal farm support program get generally favourable reviews, but calls for a better program aren’t going away

By ,
Reading Time: 5 minutes Better, but not great. And let’s come up with something that really works. Those two sentiments characterized most of the comments about the recently agreed-to change to AgriStability. And most producers would add ‘still really complicated’ as the decision by Ottawa and the provinces to scrap the ‘reference margin limit’ will impact individual farms in […] Read more
News

Why does the reference margin limit matter?

By
Reading Time: 2 minutes The reference margin limit was made part of AgriStability in 2013 and the federal government says removing it will increase payments for farmers from the program by $75 million annually. But while most farm groups said the change is a positive one, the Canadian Pork Council said it would do “very little” for its members. […] Read more
(Shironosov/iStock/Getty Images)
General

Ag ministers withdraw AgriStability reference margin limit

Program's compensation rate unchanged but 'remains on table'

By ,
In a move expected to provide $95 million in additional farm support per year, Canada’s ag ministers have agreed to remove the reference margin limit from the AgriStability farm income stabilization program. “That’s it! The ‘reference margin limit’ of the #AgriStability program is over! And it will be retroactive to 2020!” federal Agriculture Minister Marie-Claude […] Read more
Federal Agriculture Minister Marie-Claude Bibeau speaks to media in Winnipeg on Feb. 13, 2020. (Dave Bedard photo)
General

Yes or no now on AgriStability changes, ag minister says

Farm and commodity groups line up to press provinces for decision

By ,
Ottawa’s proposals for changes to the AgriStability farm income stabilization program require a yes or no answer from participating provinces, not more discussion, the federal ag minister said Wednesday. “It has been just over 110 days since we made the offer to the provinces to improve AgriStability,” Agriculture Minister Marie-Claude Bibeau and Winnipeg MP Jim […] Read more
(Bob_bosewell/iStock/Getty Images)
General, Markets, Weather

Budget could include new BRM program, ag labour plan

Proposal for 'AgriResilience' program goes to Freeland

By ,
A new pre-budget report from the House of Commons’ finance committee is recommending several measures directly related to agriculture — including sought-after tweaks to AgriStability and creation of an entirely new business risk management program. The multipartisan committee heard testimony and received submissions from more than 800 groups and individuals. Mostly-virtual meetings took place in […] Read more
Federal Finance Minister Chrystia Freeland appears at a news conference in Ottawa on Sept. 24, 2020. (Photo: Reuters/Blair Gable)
General

CFA seeks continued ag support in next federal budget

Federation also presses for Buy Canadian campaign, processing support

By ,
Federal budget consultations are underway, with agricultural groups lobbying the government to support the industry further in the midst of the COVID-19 pandemic. Finance Minister Chrystia Freeland on Jan. 25 launched pre-budget consultations and since then, her schedule has involved several meetings with stakeholders. “We want to hear ideas from Canadians, from all walks of […] Read more
Relatively low payouts in recent years mean the province’s crop insurer can afford to sharply reduce premiums and have enough in reserve to cover “a significant wreck.” (* The size of AFSC’s reserve fund for crop insurance in billions of dollars. The figure for 2020 may be adjusted as it reflects payouts made as of Jan. 31 and processing of the 2020 year is still ongoing).
Crops, News

Big crop insurance premium cut may last for years, says AFSC

Barring a big crop wreck, this year’s 20-per-cent cut in premiums will continue for five years, says CEO

By
Reading Time: 5 minutes Alberta farmers will see a 20 per cent cut to crop insurance premiums this year — and if all goes well, those savings could continue over the next five years. “We’re providing a premium break right now that will lower the cost to producers in the program — (but) even doing that, we still find […] Read more

Special Podcast

AgCanadaTV

AGCanadaTV: In Case You Missed It – Your National Ag News Recap for the week ending June 11, 2021.

Sponsored By:
More Videos →

Daily Newsletter

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