A fruit tree orchard can be viable for many, many years, but it also means that establishing an orchard requires significant investment. That investment should pay off in the years of harvesting the fruit, but as many in B.C. are struggling with, severe weather can cut yield potential weeks before the trees begin their spring... Read More
Category: Business Risk Management
Geopolitics, interest rates, currency fluctuations, market demand and the weather — there's much for farmers to consider when making business decisions in a volatile market. Meteorologist and market analyst Shawn Hackett says it's important for farmers to have a good understanding of all the factors that can impact prices to build effective marketing strategy. At... Read More
Producers impacted by drought in 2023 have more time to apply for the 2023 Canada-Saskatchewan Feed Program announced in late October. The AgriRecovery application deadline has been extended to March 15, 2024. The submitted application needs to indicate the number of breeding animals on hand as of August 21, 2023, and kept until January 31,... Read More
The U.S. Farm Bill is a huge, overarching piece of legislation that encompasses crop insurance, disaster programming, and so much more. Similar to Canada, hammering out the full details of each bill is a drawn-out process, complicated by partisan politics, competing priorities, and finding common ground. To dig in to several parts of the bill... Read More
Grain farming in Ontario has a significant and growing economic impact in the province and across the country. That's the conclusion of a recent study from business accounting firm MNP prepared for the Grain Farmers of Ontario. The study, titled: Economic Impact Analysis of Grain Farming in Ontario, found that the industry created $27 billion... Read More
Agriculture Minister Lawrence MacAulay and his staff are looking for ways to reduce the federal agriculture budget by three per cent, in line with what's been asked of other federal departments. That's one of the pieces of information gleaned from a one-on-one interview with Minister MacAulay, recorded Thursday, Nov. 9. MacAulay says he never dreamed... Read More
The federal government, along with the provincial governments of Alberta, B.C., and Saskatchewan, have announced a total commitment of $365 million for AgriRecovery programs to help livestock producers affected by drought and wildfires this past summer. The awaited AgriRecovery funding, application details and timelines were announced on Friday, Oct 20. The total federal commitment to... Read More
Details on anticipated AgriRecovery programs to assist drought-stricken livestock producers in Alberta and Saskatchewan could be coming soon — possibly in the next week, according to Saskatchewan's agriculture minister. Federal officials signalled back in August that they had agreed to move ahead on offering AgriRecovery disaster relief programs together with the Alberta and Saskatchewan governments.... Read More
The Governments of Canada and Saskatchewan are reporting a record-breaking level of payments under the Saskatchewan Crop Insurance Corporation (SCIC) Forage Rainfall Insurance Program. Total 2023 program indemnities paid have totalled $60.4 million across SCIC's 17 forage risk zones. A forage rainfall claim is triggered when the precipitation at a selected weather station is below... Read More
Details and timelines have yet to be determined, but the federal and provincial governments in Alberta and Saskatchewan have agreed to move ahead on offering AgriRecovery disaster relief programs for livestock producers affected by drought in 2023. Both Prairie provinces submitted requests for AgriRecovery assessments in July. Any program under AgriRecovery is cost-shared on a... Read More