GFM Network News

More News →

Tag Archives Budget

(Thinkstock photo)
General, Machinery, Weather

Federal budget plays to mixed reviews from ag groups

Funding for green initiatives, carbon pricing rebate plan hailed

By ,
The Canadian Federation of Agriculture (CFA) says it is “pleased” the 2021 federal budget included some of the recommendations it had made. Finance Minister Chrystia Freeland’s first budget, released April 19, included significant spending to help producers transition to a greener economy and cited agriculture as a foundational pillar of Canada’s future. “CFA will be […] Read more
Finance Minister Chrystia Freeland arrives to a news conference prior to delivering the budget in the House of Commons in Ottawa on April 19, 2021. (Photo: Reuters/Blair Gable)
General, Machinery, Weather

Federal budget to offer direct payments to farmers for carbon pricing

Other new 'green growth' funding also on deck

By ,
The federal government’s 2021 budget offers up new spending to support farmers combatting climate change through targeted investments — and, in some cases, direct payments. Finance Minister Chrystia Freeland released the budget Monday, showing the majority of new spending will take place over three years and be largely focused on “green growth.” “Budget 2021 announces […] Read more
(Dave Bedard file photo)
General

Manitoba’s education tax phase-out begins

Budget pledges a 25 per cent rebate cheque in 2021; existing farmland school tax rebate to be reduced

By ,
Manitoba’s latest budget follows through on a move the government telegraphed in last fall’s throne speech, by starting a phased removal of education tax on farm and residential properties. Finance Minister Scott Fielding’s budget, released Wednesday, calls for about $248 million in education tax rebates in 2021 alone for about 658,000 property owners. Owners of […] Read more
(Lightguard/iStock/Getty Images)
General, Weather

Saskatchewan to pare school tax mill rate for farmland

EPT mill rates to rise for residential, other properties

By ,
Saskatchewan’s latest budget taps down the education property tax (EPT) mill rate it sets on farmland, while raising those mill rates on other property classes. The provincial government, in Tuesday’s budget, set the provincewide EPT mill rate on agricultural land for 2021 at 1.36, down slightly from the previous rate of 1.43. EPT mill rates […] Read more
(Bob_bosewell/iStock/Getty Images)
General, Markets, Weather

Budget could include new BRM program, ag labour plan

Proposal for 'AgriResilience' program goes to Freeland

By ,
A new pre-budget report from the House of Commons’ finance committee is recommending several measures directly related to agriculture — including sought-after tweaks to AgriStability and creation of an entirely new business risk management program. The multipartisan committee heard testimony and received submissions from more than 800 groups and individuals. Mostly-virtual meetings took place in […] Read more
Federal Finance Minister Chrystia Freeland appears at a news conference in Ottawa on Sept. 24, 2020. (Photo: Reuters/Blair Gable)
General

CFA seeks continued ag support in next federal budget

Federation also presses for Buy Canadian campaign, processing support

By ,
Federal budget consultations are underway, with agricultural groups lobbying the government to support the industry further in the midst of the COVID-19 pandemic. Finance Minister Chrystia Freeland on Jan. 25 launched pre-budget consultations and since then, her schedule has involved several meetings with stakeholders. “We want to hear ideas from Canadians, from all walks of […] Read more
(Dave Bedard photo)
Crops

Saskatchewan pares ag spending in estimates

Spending estimates released without revenue forecasts

By ,
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

Fraser: Bibeau buying time, BRM not a federal priority

By
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
Finance Minister Bill Morneau appears at a pre-budget event March 14 at the Toronto Kiwanis Boys + Girls Clubs. (BMorneau.liberal.ca)
General, Machinery, Markets, Weather

Farm groups see something for everyone in federal budget

By
Response so far from farm and agribusiness organizations to Tuesday’s pre-election budget suggests the federal government has managed to find at least one line item for everyone in the ag sector. Finance Minister Bill Morneau’s budget pledges compensation for supply-managed sectors facing financial hits from international trade pacts, funding for a new federal food policy […] Read more

Special Podcast

AgCanadaTV

AGCanadaTV: In Case You Missed It – Your National Ag News Recap for the week ending June 11, 2021.

Sponsored By:
More Videos →

Daily Newsletter

You'll receive current daily news every morning free, as well as market updates and special features.