The federal and Alberta, Saskatchewan and British Columbia governments are jointly putting up $365 million to support ranchers and farmers up against this summer’s drought and wildfire damage. The feds on Friday announced their 60 per cent, or $219 million, share of AgriRecovery program funding for the three westernmost provinces. “I’ve had the opportunity to […] Read more
AgriRecovery feed, freight, breeding herd aid set for Alberta, Saskatchewan, B.C.
Feds, provinces announce combined $365 million in aid programs
StatsCan sees higher cattle, hog inventories at July 1
Full impacts of West's drought not yet counted
Nationwide head counts of livestock from the “early stages” of Western Canada’s ongoing drought won’t yet show the weather’s full impact, but showed slightly larger herds heading into this summer compared to last year. Statistics Canada on Monday reported the first year-over-year increase in the size of the country’s cattle herd as of July 1 […] Read more
Cattle inventories continue to decline, StatsCan says
Canada's hog herd also down on year
MarketsFarm — Canada’s cattle herd in 2019 continued on its generally consistent path of declining numbers, according to new data Statistics Canada released Tuesday. Aside from a few slight increases in 2012, 2013 and 2018, Canadian cattle inventories have moved lower since 2005. At 11.2 million head, the reported number of cattle on farms in […] Read more
AgriRecovery in place for farms in B.C. wildfire zones
Farmers and ranchers whose operations were hit or evacuated during British Columbia’s particularly destructive wildfire season can expect up to $20 million in AgriRecovery funds toward repair, rebuilding and livestock feeding costs. The federal and B.C. governments on Tuesday laid out more details for the 60-40 cost-shared program, which was announced in principle in mid-August. […] Read more
Drought-related livestock tax deferral zones widen again
More ranchers in five provinces may now be able to defer some of their taxable income from their livestock sales in 2016 due to drought. The federal government on Aug. 4 announced its final list of drought-designated regions where the livestock tax deferral provision will be allowed for the 2016 tax year, and has included […] Read more
Is Piedmontese ‘the beef of the future?’
There’s just one herd in Alberta, but rancher Peter DenOudsten says yield and taste give the Italian breed a big advantage
Reading Time: 4 minutes Peter DenOudsten never intended to become a Piedmontese cattle producer when he bought a few cows in the late ’80s to graze off some grassland he couldn’t crop. “I only had a few cows and it wasn’t worth having a bull around, so I just got Dad to artificially inseminate them with some beef semen […] Read more
Drought-related tax deferral zones expand in West
More livestock producers in the West who had to sell breeding stock due to drought in the 2015 tax year will be able to defer some or most of that income at tax time. Federal Agriculture Minister Lawrence MacAulay on Tuesday announced more designated areas in all four western provinces where producers will be eligible […] Read more
West’s soaked, parched tax deferral zones expanded
More rural municipalities and counties that saw drought or excess moisture last year have been added to the federal list of areas where ranchers may now defer some of their 2014 taxable income. The federal government on Thursday rolled out its final list of designated areas for the 2014 tax year, adding to an already-long […] Read more
Year-end values have a big impact on inventory
Breeding stock can have an especially big effect on the value of inventory
Reading Time: < 1 minute When it comes to doing an accrual, an Alberta Agriculture and Rural Development specialist says it’s important to remember that a change in value for an inventory item can have a dramatic effect in calculating the accrual adjustments. As an example, if you had 500 cows with a value of $2,000 each on Dec. 31, […] Read more
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