GFM Network News

Cattle producers urged to consider insurance

Cattle producers urged to consider insurance

Reading Time: < 1 minute Agriculture Financial Services Corporation has extended the purchase deadline for Western Livestock Price Insurance Program (WLPIP) calf insurance until June 18. With the recent market volatility, Alberta Beef Producers is strongly encouraging its members to consider purchasing insurance to protect prices in the fall. Producers should be monitoring premiums and coverage levels for both calf […] Read more

The pandemic and potential for supply chain disruptions has increased the need for affordable price insurance and a set-aside program, says the CCA.

Cut livestock insurance premiums, says CCA

Cattle producers need an insurance program but aren’t using it because the premiums are too expensive

Reading Time: 2 minutes The Western Livestock Price Insurance Program is not functioning properly due to very high premiums and needs to be quickly revamped, says the Canadian Cattlemen’s Association. “We’re having unprecedented volatility for markets. Having tools in place for farmers and ranchers has never been more important,” executive vice-president Dennis Laycraft said during a telephone town hall […] Read more

Scott Moe discusses plans to lift the PST off insurance premiums in a Canadian Taxpayers Federation video. (CTF video screengrab via YouTube)

Saskatchewan pulls sales tax off farm insurance

Saskatchewan’s provincial government has reinstated a provincial sales tax (PST) exemption for agriculture, health and life insurance premiums. Premier Scott Moe on Monday announced the exemption will take effect retroactive to Aug. 1 last year, when the PST was first applied to insurance. The province said the exemption will include PST on premiums paid for […] Read more

Cattle price insurance premiums up from last year

Cattle price insurance premiums up from last year

Increased volatility in the CME cattle futures market makes it more expensive to protect prices

Reading Time: 2 minutes Cattle price insurance for the 2016 calf crop is now available from Agriculture Financial Services Corporation (AFSC) until May 31, 2016 at a little higher cost than the same time last year. Bruce Viney, risk management specialist at Alberta Agriculture and Forestry, says the higher premiums directly reflect a higher level of risk and volatility. […] Read more