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Tag Archives AgriStability — page 2

Crops, Machinery & Shop, Markets, Weather

China, drought, debt shake Canadian farm finances

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Winnipeg/Ottawa | Reuters — For years, the financial stability of Canadian farmers was the envy of their U.S. counterparts, but rising costs, drought and a dispute with China have weakened their bottom lines. Net incomes plunged last year, and that setback was followed in March by China’s halting purchases of canola, Canada’s biggest crop. Now […] Read more
Canola, Crops

APP pumped up, AgriStability deadline extended against China canola ban

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The federal Advance Payments Program’s loan limits and interest-free portions will be raised and the deadline for AgriStability enrolment extended in a bid to help Canadian canola growers with cash flow. Agriculture Minister Marie-Claude Bibeau and International Trade Diversification Minister Jim Carr on Wednesday announced the expansions and extensions along with plans to engage other […] Read more
Crops, News

Don’t let the crop insurance deadline pass you by

The signup deadline is April 30

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The deadline for crop insurance coverage and AgriStability enrolment is fast approaching. The deadline for signing up for the Spring Price Endorsement is April 30, which is also the last day for enrolling in AgriStability without penalty. The Spring Price Endorsement provides protection on a crop-specific basis from ‘within-year’ price declines for both production-based and […] Read more
General, Weather

B.C. grants late AgriStability enrolment for 2018

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Fire, flooding and a drop in raspberry prices in 2018 have spurred the federal and British Columbia governments to trigger the AgriStability late-participation mechanism. Agriculture Minister Marie-Claude Bibeau and her provincial counterpart Lana Popham, at an event Monday in Vernon, B.C., invoked the new late-participation rule for the 2018 AgriStability program year, “to help farmers […] Read more
The federally funded cash advance program was launched in 1958 to help farmers with cash flow by offering low-interest cash advances on their crops.
News

Beat your cash flow woes with the cash advance program

The only cheaper money is a forgivable loan from the bank of Mom and Dad, says administrator

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Not too many hands shoot up when Dave Gallant asks a room full of farmers if they’ve used the federal cash advance program before. “For those who aren’t using the cash advance program, I want you to ask yourselves why you’re not taking advantage of this program,” the Canadian Canola Growers Association official said at […] Read more
Alberta pork producers are losing $50 per pig — or $10,000 per week for a typical operation. The Canadian Pork Council is calling on Ottawa to cover some of those losses after Washington offered aid to its farmers hit by a tariff war launched by U.S. President Donald Trump.
Hogs, News

Pork producers slammed by tariff war call for government aid

The bottom fell out of the pork market this summer and Alberta producers are suffering huge losses

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Canadian pork producers need “immediate help” from government to deal with a price plunge sparked by U.S. President Donald Trump’s tariff wars with China and Mexico. “What we’re seeing right now is really bad,” said Darcy Fitzgerald, executive director of Alberta Pork. “And a lot of it has to do with what’s going on with […] Read more
General

Outside panel named for farm risk management review

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A panel of 11 “external” experts from across the country has been picked to offer guidance and feedback on a federal/provincial review of farm business risk management (BRM) programming. The panel’s appointment follows an agreement by federal, provincial and territorial agriculture ministers back in July to launch a review of BRM programs, assessing those programs’ […] Read more
More and more farmers have been opting out of AgriStability because the program has been paying out less when the harvest is poor — especially for low-cost producers.
News

New ag policy aims to sweeten the AgriStability pot

More farmers have been opting out of the farm-income support 
program after changes in 2013 reduced the potential payout

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CAP is a rather fitting acronym for the recently announced Canadian Agricultural Partnership, the latest government ‘policy framework’ that governs its farm support programs. “That’s a very easy way for people to remember the two major changes that have come about here,” said Steve Funk, director of farm income programs at MNP. “They’ve capped the […] Read more
General

Ministers agree on new ag funding framework

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Canada’s federal, provincial and territorial ministers for agriculture have agreed on the bones of a new five-year policy funding framework, committing them to a review of its business risk management (BRM) programming. The ministers came out of three days of meetings Friday in St. John’s with the “key elements” of a five-year, $3 billion framework, […] Read more

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