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Tag Archives AgriStability

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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
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.
(Photo courtesy Canada Beef Inc.)
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
CFA president Mary Robinson at the organization’s AGM in Ottawa in February 2020. (CFA-fca.ca)

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
(Assnat.qc.ca)
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
Is the program too complex and ‘unbankable’ to be reformed?
News, Other

Is it time to break through the maze of AgriStability?

Some farmers have long thought so and now the provincial ag minister is also wondering

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Manitoba Agriculture Minister Blaine Pedersen has asked his department for ideas on how to replace AgriStability with an enhanced AgriInvest program. Some frustrated farmers say it might be better to scrap AgriStability in favour of something else. Pedersen, who has called AgriStability “a broken wheel,” doesn’t disagree. “There’s lots of challenges with AgriStability so let’s
There has been declining enrolment in AgriStability over the years.
News, Other

Farmers fed up with AgriStability

CFA has a three-pronged approach to address farmers’ concerns with farm program

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Canadian farmers are fed up with governments failing to fix AgriStability, says Chris van den Heuvel, second vice-president of the Canadian Federation of Agriculture (CFA) and a Nova Scotia farmer. “We’re relying on programs that are ineffective, untimely and not impactful,” he said in an interview March 5. “We have been bringing this forth continuously
“With AgriStability you are protecting a margin and it’s more coverage than you think.”
News, Other

The quest for a perfect farm safety net program

There’s a long list of plans that have come and gone

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The perfect farm income stabilization program is as elusive as utopia itself. But a lot of farmers say they would be happy if AgriStability’s payout trigger went back to an 85 per cent, instead of the current 70. But that would cost governments potentially a few hundred millions of dollars more, estimates University of Saskatchewan
(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
(Photo courtesy Canada Beef Inc.)
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

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