The federal government has partially changed its mind and is deferring the increase to the capital gains tax inclusion rate that took effect last June. Finance Minister Dominic LeBlanc announced on Friday that the implementation date of the inclusion rate increase from one-half to two-thirds will be delayed from June 25, 2024 to January 1,... Read More
Category: Ag Policy
There's been no avoiding the talk of tariffs in the weeks leading up to the inauguration of President Trump and his subsequent pledge to implement 25 per cent tariffs on Canada and Mexico on February 1st. New data from RealAgristudies confirms and quantifies the level of concern in Canada's agriculture sector. The results are based... Read More
When it comes to the geopolitical implications of this second Trump presidency, perhaps no one could have predicted the shift from protectionist to imperialist—but here we are, says Jacob Shapiro with Cognitive Investments. Shapiro says that not since 35th president William McKinley has the U.S. seen a president so keen on "taking" places the U.S.... Read More
The Canadian government's plan to inject another $300 million into its On-Farm Climate Action Fund (OFCAF) over the next three years is drawing sharp criticism from the chair of the Wheat Growers Association. On Tuesday, Agriculture Minister Lawrence MacAulay formally announced the commitment to continue paying farmers an incentive to implement on-farm practices around cover... Read More
The federal government's On-Farm Climate Action Fund (OFCAF) is poised to run for at least another three years with $300 million in federal funding. While the dollar amount was previously known, Agriculture Minister Lawrence MacAulay formally announced the funding for the OFCAF initiative through 2027-28 on Tuesday. The fund, along with other Agriculture and Agri-Food... Read More
The Ontario government is increasing annual funding for its Risk Management Program (RMP) from $150 million to $250 million, following an announcement at Eden, Ont. on Tuesday by Minister of Agriculture, Food and Agribusiness, Rob Flack. “Our government promised farmers we would continue to expand and enhance RMP, and with this historic investment, we have... Read More
National organizations representing Canadian farmers and ranchers are calling on the federal government to reverse its decision to administer changes to the capital gains tax that were announced in the federal budget last year. The Canadian Canola Growers Association, Canadian Cattle Association, and Grain Growers of Canada issued a statement last week to say the... Read More
Update: Speaking to reporters in the Oval Office after the inauguration ceremony on Monday, President Trump said his administration is looking at putting 25 per cent tariffs on Canada and Mexico beginning February 1st. “We’re thinking in terms of 25 per cent on Mexico and Canada...I think February 1st...on each.” Donald J. Trump was sworn... Read More
Keystone Agricultural Producers (KAP) has announced the hiring of a new general manager. "Following an extensive recruiting process, I am pleased to announce that our board of directors has selected Colin Hornby as the new general manager of KAP," says KAP president and Portage, Man.-area farmer Jill Verwey, in a Jan. 20 news release. Hornby... Read More
When it comes to land use, some ways that land provides value are easy to measure and monetize, such as growing crops, raising livestock, or developing real estate. But other types of value, especially those that benefit broader society, like providing biodiversity, wildlife habitat preservation, carbon sequestration, and flood or fire risk mitigation, are much... Read More