business risk management Archives - Page 3 of 4

No BRM breakthrough reached at ministers’ meeting

AgMins fail to find solution to business risk management program woes

By GFM Network News November 28, 2020

No consensus on changes to business risk managements (BRM) programming was reached during the latest round of federal-provincial-territorial agriculture ministers’ meetings. After the meetings ended Friday, federal Agriculture Minister Marie-Claude Bibeau explained Ottawa was willing to maintain the current cost sharing of the programs at a 60-40 split between her government and the provinces. Bibeau’s […] Read more

General

AgriStability in Bibeau’s sights as ministers’ meeting booked

Removing reference margin limit a palatable option

By GFM Network News November 6, 2020

Federal, provincial and territorial (FPT) ministers of agriculture are scheduled to meet Nov. 20 and 27 to discuss improving business risk management (BRM) programs. Federal Agriculture Minister Marie Claude Bibeau said she is confident counterparts from Quebec, Ontario and British Columbia will be willing to contribute their share to make significant improvements to AgriStability, the […] Read more

File photo of Agriculture Minister Marie-Claude Bibeau speaking in Winnipeg in February 2020. (Dave Bedard photo)

General, Markets

Bibeau not considering closing AgriInvest accounts

Minister wouldn't order farmers to pull funds

By GFM Network News September 9, 2020

Federal Agriculture Minister Marie-Claude Bibeau is not considering ordering producers to withdraw from their AgriInvest accounts. “Not in this way. All the options are on the table for the future, but I’ve never considered asking them to withdraw, to empty their accounts, to face COVID-19,” she said in an interview Friday. Bibeau had previously expressed […] Read more

General, Markets, Weather

No timeline yet set for BRM reforms

Changes put on hold along with ministers' meeting

By GFM Network News June 13, 2020

Ottawa — Federal Agriculture Minister Marie-Claude Bibeau has confirmed any reforms to business risk management (BRM) programs are being delayed. That confirmation came during a wide-ranging media availability Bibeau held Tuesday. In March, Tom Rosser, an assistant deputy minister at Agriculture and Agri-Food Canada (AAFC), said the government is looking at a number of options […] Read more

Beef cattle feeding in Ontario. (DebraLee Wiseberg/iStock/Getty Images)

Finishers, Livestock, Markets

COVID-19 strains already-battered Ontario beef industry

Limited processing capacity remains financial challenge for province's feedlot sector, despite recent increase in retail demand

By GFM Network News March 31, 2020

Ontario’s beef industry was already in the midst of an economic crisis, but COVID-19 is worsening the financial toll on the province’s cattle feeders. Due to extremely limited processing plant capacity, an uncompetitive market and disruptions to trade and market access, Ontario’s beef industry was losing an average of more than $2 million per week […] Read more

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

General

CFA seeks immediate cash for farmers

Farm and industry leaders say more needed beyond measures already announced

By GFM Network News March 27, 2020

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 […] Read more

Beef Cattle, Livestock, Markets

Beef sector mobilizes against supply disruptions

Keeping border open, meeting demand for beef are top priorities

By Alexis Kienlen, GFM Network News March 21, 2020

Teams of livestock and government officials are quickly creating plans and policies to keep the sector functioning during the COVID-19 pandemic, says the executive vice-president of the Canadian Cattlemen’s Association. “Our primary objective obviously is to insure there is stable beef production and trade that can continue under the situation with the COVID-19 pandemic,” Dennis […] Read more

General, Weather

Business risk management program reforms in development

Changes expected to be announced in July

By GFM Network News March 11, 2020

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 […] Read more

Agriculture ministers meeting Tuesday in Ottawa included (l-r) Devin Dreeshen (Alberta), David Marit (Saskatchewan), Bloyce Thompson (P.E.I.), Andre Lamontagne (Quebec), Marie-Claude Bibeau (Canada), Ernie Hardeman (Ontario), Blaine Pedersen (Manitoba), Lana Popham (B.C.) and Keith Colwell (Nova Scotia). (Photo courtesy AAFC)

Crops

Feds, provinces plan minor tweaks to AgriStability

By GFM Network News December 18, 2019

Ottawa — Minor changes are coming to AgriStability following Tuesday’s meeting between federal Agriculture Minister Marie-Claude Bibeau and her provincial counterparts. Major changes, however, will have to wait. A full review of federal business risk management (BRM) will be completed in April, with the findings discussed when the federal, provincial and territorial ministers meet again […] Read more

General, Markets

Liberals pledge revamp of federal farm lender

By GFM Network News October 7, 2019

The federal Liberals’ platform heading into the Oct. 21 election calls for an “expanded and enhanced” role for Farm Credit Canada in supporting the country’s agriculture and agrifood sectors. Platform documents released Sunday last week (Sept. 29) call for the merger of several existing federal financial and advisory services — which the Liberals said are […] Read more

Alberta crop conditions improve: report

U.S. grains: Corn sets contract lows on expectations for big US crop

U.S. livestock: Cattle strength continues

GFM Network News