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Tag Archives AgriStability

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General, Markets

Saskatchewan to bump up AgriStability interim payouts

Allowable percentage of final benefit raised

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Saskatchewan farmers hoping to boost cash flow with an AgriStability interim payment can now apply to get up to three-quarters of their final payment for 2020. The Saskatchewan and federal governments announced an agreement Friday to increase the 2020 AgriStability interim benefit payment percentage to 75 per cent for producers in that province, up from […] Read more
General, Markets

Farm groups offer finance committee food security for thought

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The Canadian Federation of Agriculture (CFA) continues to pressure the federal government to offer more support for farmers as it looks to mitigate impacts of COVID-19. One of few parliamentary functions continuing to operate in the pandemic, the Commons standing committee on finance is responsible for studying and reporting on matters related to government spending. […] Read more
(Photo courtesy Canada Beef Inc.)
General, Markets

AgriStability deadline extended for 2020

Income stabilization plan's latest enrolment date stretched nine weeks

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The federal government and provinces have agreed to spot farmers nine extra weeks to enroll in AgriStability for the 2020 program year. The governments on Friday announced the AgriStability enrolment deadline for 2020, previously April 30, has been extended without penalty to July 3. The decision by Ottawa, the provinces and territories “will enable the […] Read more
CFA president Mary Robinson at the organization’s AGM in Ottawa in February 2020. (CFA-fca.ca)
General

CFA seeks immediate cash for farmers

Farm and industry leaders say more needed beyond measures already announced

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The Canadian Federation of Agriculture wants the federal government to provide immediate stimulus to farmers through business risk management (BRM) programs as part of its ongoing response to COVID-19. At a recent board meeting, the organization representing about 200,000 farmers across Canada passed motions calling for increased funding to the AgriInvest BRM program — and […] Read more
(Assnat.qc.ca)
General, Weather

Quebec ag lender offers break on loan payments

Crop insurance enrolment deadline also postponed

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Quebec’s provincial farm lending agency is set to offer a six-month moratorium on loan repayments to any customers who ask for one, against what it describes as a “crisis” for the ag sector. La Financiere agricole du Quebec (FADQ) said Saturday the six-month stay would help lighten the obligations for farm businesses, providing them liquidity […] Read more
(Dave Bedard photo)
Crops

Saskatchewan pares ag spending in estimates

Spending estimates released without revenue forecasts

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Saskatchewan expects to pull back its spending on agriculture by about $22.4 million in its 2020-21 budget year, mainly in a reduced outlay on business risk management (BRM) programs. Provincial Finance Minister Donna Harpauer on Wednesday tabled the province’s 2020-21 spending estimates with the “unusual step” of not including revenue forecasts, citing the current COVID-19 […] Read more
(Photo courtesy Canada Beef Inc.)
General, Weather

Business risk management program reforms in development

Changes expected to be announced in July

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Recommendations are now being crafted for Agriculture Minister Marie-Claude Bibeau on how to improve business risk management (BRM) programs for farmers in Canada. It’s expected changes to BRM programs will be announced in July when Bibeau and her provincial counterparts meet in Guelph. The recommendations are coming after a study by MPs on the Commons […] Read more
(Dave Bedard photo)
General

B.C. to punch up AgriStability

Reference margin limit eliminated for 2019, 2020

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British Columbia plans to make another $9 million available to farmers through “enhancements” to AgriStability for the 2019 and 2020 program years. The province on Thursday announced it will increase the compensation rate available through the federal/provincial income stabilization program from 70 per cent to 80 per cent when margins fall below the 30 per […] Read more
(Photo courtesy Canada Beef Inc.)
General

Fraser: Bibeau buying time, BRM not a federal priority

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The federal government is buying time when it comes to making drastic improvements to AgriStability and other business risk management (BRM) programs. Federal Agriculture Minister Marie-Claude Bibeau recently announced minor, cost-free tweaks to AgriStability, during the same week the public was given an updated look at Canada’s fiscal situation. That update shows the Liberal government’s […] Read more
(Photo courtesy Canada Beef Inc.)
Crops, Weather

Grain groups give low marks to AgriStability tweaks

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Ottawa — A recent meeting of the country’s agriculture ministers failed in providing effective support for farmers facing challenges, Grain Growers of Canada chair Jeff Nielsen says. Only minor changes were made to AgriStability, the main priority item on the agenda for the Ottawa meeting held Tuesday. Federal Agriculture Minister Marie-Claude Bibeau and her provincial […] Read more

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