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.
Tag Archives price insurance
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.
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
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
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
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
Livestock producers need not fear price insurance
The program co-ordinator says misconceptions could be preventing people from applying
The co-ordinator of the new Western Livestock Price Insurance Program says some producers are having trouble understanding the ins and outs of the program. Jason Dobbin, livestock price insurance co-ordinator from the Manitoba Agricultural Services Corporation, attempted to clear up some of the confusion in a StockTalk webinar Oct. 21. The bottom line is, producers
Manitoba launches livestock price insurance for cattle, hogs
The program based on Western Canada prices offers better protection than CME futures hedging
A new price insurance scheme for Manitoba livestock producers has officially been launched, but whether there will be a stampede through the gate remains to be seen. Applications for the Western Livestock Price Insurance Program (WLPIP), a new tool to manage risk and withstand market volatility, were unveiled last week by Food and Rural Development
Price insurance for livestock on its way
There’s been no official announcement, but commodity groups say price insurance for livestock producers will soon be a reality
Price volatility could soon be a thing of the past for Manitoba’s beef producers, if a proposed livestock price insurance program comes to fruition. The insurance plan could be announced within weeks, said Cam Dahl, general manager of the Manitoba Beef Producers. “I’m very hopeful that there will be an announcement made very soon,” saidThrone Speech Hints At Livestock Insurance
Avague promise about livestock insurance in last week’s throne speech has Manitoba cattle producers hoping it’s the kind of insurance they have on their wish list. Producers want to insure for price, not production, said Major Jay Fox, Manitoba Beef Producers president. MBP favours a voluntary program with a guaranteed level of protection against sudden
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