risk management Archives | Manitoba Co-operator

Foreign worker isolation support extended

Federal program extended alongside federal restrictions

The federal program helping employers of temporary foreign workers (TFWs) cover the costs of isolating new workers for two weeks on their arrival in Canada has been extended through November. Agriculture Minister Marie-Claude Bibeau announced Monday that the Mandatory Isolation Support for Temporary Foreign Workers Program will now run to Nov. 30, as the government

Markets

Report links business management, mental health of farmers

Farm women, young farmers report higher levels of stress, difficulties coping

By D.C. Fraser, GFM Network News May 23, 2020

Ottawa — A new report from Farm Management Canada (FMC) calls for action after determining 75 per cent of Canadian farmers reported being moderately to highly stressed about unpredictable interference, workload pressure and financial pressures. But how a farmer plans his or her business — and associated risks — can help lower that statistic. The

Producers need to pay close attention to four essentials: understanding their situation, understanding their finances, knowing their cost of production and how their commodity is priced.

News

Risky business? For farmers it’s just another day at the office

Peril can come in all forms, from the predictable to ‘black swan’ events

By Don Norman February 19, 2020

Farmers, by the nature of their business, must embrace risk. But at the same time, they need to manage it. That was a central theme at the 2020 Keystone Agricultural Producers AGM during a recent Tuesday morning panel discussion on risk management, featuring two farm management experts. Eric Olson, a farm management consultant with MNP’s

Bibeau remains federal agriculture minister in shuffle

By D.C. Fraser, GFM Network News November 20, 2019

Updated, Nov. 21— Quebec MP Marie-Claude Bibeau retains her role as federal minister of agriculture and agri-food in Wednesday’s cabinet shake-up for the Liberals’ minority government. Bibeau will join her colleagues — including returning Transport Minister Marc Garneau and new Labour Minister Filomena Tassi, a Hamilton MP and former minister for seniors — in having

News

CFA seeks risk management reform, financial aid

By Geralyn Wichers August 30, 2019

The Canadian Federation of Agriculture is calling for financial aid for the canola, pork and beef sectors on the heels of a federal announcement that dairy farmers would be compensated for lost market access. “We cannot miss an opportunity to hammer down the message that we have farmers who require support now or they face the very real threat of losing

Crops, Markets

U.S. CFTC awards nearly US$2.5 million to Cargill whistleblower

By GFM Network News, Reuters June 25, 2019

Chicago | Reuters — The U.S. Commodity Futures Trading Commission has awarded about US$2.5 million to a whistleblower in a 2017 case against global grain trader Cargill over alleged violations in how it handled trades, the agency said Tuesday. The award, while significant in size, was reduced “because of the whistleblower’s delay in reporting” the

Crops, Markets

Bunge moves from regional to global operating model

By GFM Network News, Karl Plume May 9, 2019

Chicago | Reuters — U.S. agricultural commodities trader Bunge on Wednesday overhauled its global operations and named a new chief financial officer in the latest shake-up for the 200-year-old company hard hit by a years-long grain market downturn. The moves come as Bunge reported a stronger-than-expected first-quarter profit due to higher soy crush margins in

Markets

Consider hedging against rate hikes, farmers advised

By GFM Network News, Terry Fries July 11, 2018

CNS Canada — The Bank of Canada has raised its benchmark interest rate to 1.5 per cent, marking the fourth time it has raised rates since last summer. The increase from 1.25 per cent is the base rate retail banks pay for short-term loans, but consumer rates for mortgages, lines of credit and other loans

Dairy cattle, Livestock

Report pegs U.S. dairy support levels

By GFM Network News, John Greig February 13, 2018

U.S. dairy farmers continue to benefit from broad agriculture supports, a study shows. Dairy Farmers of Canada has had Grey, Clark, Shih and Associates regularly study the effect of U.S. government policy on dairy farms in that country. The latest version of the project was released at the Dairy Farmers of Canada policy conference held

Outside panel named for farm risk management review

By GFM Network News, Manitoba Co-operator Staff December 24, 2017

A panel of 11 “external” experts from across the country has been picked to offer guidance and feedback on a federal/provincial review of farm business risk management (BRM) programming. The panel’s appointment follows an agreement by federal, provincial and territorial agriculture ministers back in July to launch a review of BRM programs, assessing those programs’

Alberta hog farmers to get set-aside via AgriRecovery

No credit expected for farmers’ past work in new carbon market

Spring road bans coming into effect across Prairies

GFM Network News