The fundamentals still look strong for cattle prices, despite recent hiccups in the futures market, says a market analyst, but for those buying stockers, a little risk management can go a long way.
Bovine flu a reminder of risk management in markets
While recent price drops have limited options, cow-calf producers can still lock in a profit, says market analyst
Saskatchewan extends WLPIP premium rebate if needed
Rebate to offset premium prices, if above pre-COVID levels
Saskatchewan’s temporary subsidy against price jumps in premiums for the Western Livestock Price Insurance Program (WLPIP) will continue when needed to the end of 2020. Saskatchewan Crop Insurance Corp. (SCIC), which administers the program in that province, announced Tuesday the WLPIP premium rebate is extended to Dec. 31, from its previous end date of Sept. […] Read more
Federal ag supports ‘too little, too late’ for mushroom growers
Timing of programs for TFWs, surplus food purchases leaves aid out of reach: CMGA
Ottawa — Members of Parliament sitting on the committee dealing with agricultural issues continue to hear concerns over the federal government’s response to COVID-19. During the Commons standing committee on agriculture and agri-food’s online meeting Wednesday, representatives of the Canadian Mushrooms Growers’ Association raised “grave concerns” over the support CMGA members have received. CEO Ryan […] Read more
WLPIP calf price insurance deadline extended
Three-week extension includes nine purchasing days
Cattle producers in the western provinces will get extra decision-making time this year on the calf price insurance available through Western Livestock Price Insurance (WLPIP). The Prairies’ Crown ag insurance corporations announced Thursday that the deadline to buy WLPIP calf price insurance for 2020 has been extended to June 18. The new deadline, reset from […] Read more
Saskatchewan to adjust WLPIP premiums for producers
Province also opts in to fund AgriRecovery set-aside plan
The Saskatchewan government plans to temporarily subsidize livestock producers entering the Western Livestock Price Insurance Program (WLPIP) against its recent jump in program premium costs. The province on Thursday announced it will provide $5 million to “partially offset” WLPIP premiums, which it noted have risen “significantly” since the end of February this year on COVID-19-induced […] Read more
Cattle producers press for lower price insurance premiums
WLPIP is needed, but unused because premiums too expensive, CCA says
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
Consider ways to protect against price drops of crops, says analyst
The Spring Price Endorsement offers protection but now has a deductible
Reading Time: < 1 minute There are some changes to the Spring Price Endorsement this year. The Spring Price Endorsement (SPE) is a supplementary election to production insurance at the 60 to 80 per cent coverage level. It provides some protection against a price drop for an insured crop. A spring price is set for each crop during the winter, […] Read more
Three tools to reduce livestock price risk
Insurance, hedging, and retained ownership can be intimidating to use, but the basic concepts are simple
Reading Time: < 1 minute Navigating through different components of marketing can make one feel as though they are speaking a foreign language. Ryan Copithorne of Cows In Control marketing group talks about the pros and cons of common marketing tools. WLPIP (Western Livestock Price Insurance Program) “Price insurance is a good program,” said Copithorne because it allows you to […] Read more
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