It’s a long way from official, but a pre-election promise to boost AgriStability payout limits and speed-up payments could go forward to help farmers deal with tariff impacts. AJ Gill, national leader of ag risk management resources for MNP, says that it is definitely possible the increased cap and larger interim payment for the 2025… Read More
Category: Stability Programs
The draft 2023 Farm Bill passed by the Republican-led U.S. House of Representatives Agriculture Committee last week is facing an uphill battle to gain approval from enough Democrat lawmakers ahead of a looming September 30th deadline on the extension of the 2018 Farm Bill. The House committee bill would increase support for farm commodity programs,… Read More
Producers impacted by drought in 2023 have more time to apply for the 2023 Canada-Saskatchewan Feed Program announced in late October. The AgriRecovery application deadline has been extended to March 15, 2024. The submitted application needs to indicate the number of breeding animals on hand as of August 21, 2023, and kept until January 31,… Read More
A new report out of RBC Royal Bank’s Climate Action Institute has outlined a nine-point plan to push Canada’s agriculture industry forward on climate-smart production and practices. From understanding and treating soil as an asset, to monetizing and reducing methane, to reviving knowledge sharing networks, the report digs in to where Canada is at and… Read More
Persistent drought has been hard on the Saskatchewan cow herd, but the lack of workable business risk management programs will be harder on it still. Jeff Yorga, first vice president with the Saskatchewan Stock Growers Association, says that ranchers in the province are still waiting for the the federal government to finalize details on the… Read More
Tara Mulhern Davidson has been ranching for over 15 years, and has had to manage through several severe droughts in the last five. The perpetual dryness is weighing on planning for the long-term, she says, but there’s also the every day challenges of working with a living commodity. Davidson’s Lonesome Dove Ranch is based at… Read More
Ontario farmers can access a piece of $68 million in funding through three new programs under the Ontario Agricultural Sustainability Initiative (OASI) Funded through the joint federal-provincial Sustainable Canadian Agricultural Partnership (SCAP), the initiative includes: Resilient Agricultural Landscape Program (RALP) — a $56.7 million, five-year program that will make funds available to eligible farmers to… Read More
The interest-free limit of the Advance Payments Program has been increased from $250,000 to $350,000 for the 2023 program year, effective May 8, 2023. This is the second expansion of the interest-free portion in the last year. It was increased from $100,000 to $250,000 for the 2022 and 2023 program years in June of 2022…. Read More
After undergoing some major changes through the ’80s and ’90s, business risk management (BRM) programs for farmers across Canada have remained largely the same for the last two decades. While there have been a few tweaks to AgriStability and its siblings in the BRM family of programs, AgriInsurance, and AgriInvest, the risks that farmers and… Read More
Premier Doug Ford’s government released its latest budget for Ontario, with a major focus on health care and housing. Tucked in the budget, however, are a few items directly or indirectly applicable to agriculture in the province, including a focus on improving veterinary access in under-serviced areas, support for trades, and a manufacturing credit. In… Read More