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Tag Archives Risk management

There are tools that we have that I don’t think we’re maximizing,” says the FCC’s J.P. Gervais. “We need to up our game.”
Guide Business

Farm debt in perspective

Yes, $90 billion in farm debt is a lot, but most farmers should be able to weather most storms if they up their focus on their risk exposure

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Reading Time: 9 minutes When Gwen Paddock began her finance career some three decades ago, farmers were looking for a chequing account, an operating loan and maybe some short-term financing for equipment and land. Not so today. “Farms are getting bigger with more moving parts,” says RBC’s national director of agriculture. “Now, farmers and farm operators are looking for […] Read more
Ontario Agriculture Minister Jeff Leal (Photo courtesy OMAFRA)
Crops

Ontario’s RMP stays unchanged for 2018

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Reading Time: 2 minutes Ontario’s agriculture ministry won’t be making any changes to its Risk Management Program (RMP) for the 2018 program year. Agriculture Minister Jeff Leal, in a recent letter to Grain Farmers of Ontario (GFO) chair Mark Brock, said he has decided not to proceed with interim changes to RMP for 2018, pending a review of federal/provincial […] Read more
Federal Agriculture Minister Lawrence MacAulay and his Saskatchewan counterpart Lyle Stewart signed onto a general agreement for a five-year federal/provincial funding framework on July 21. (Saskatchewan.ca)
General

Ministers agree on new ag funding framework

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Reading Time: 3 minutes Canada’s federal, provincial and territorial ministers for agriculture have agreed on the bones of a new five-year policy funding framework, committing them to a review of its business risk management (BRM) programming. The ministers came out of three days of meetings Friday in St. John’s with the “key elements” of a five-year, $3 billion framework, […] Read more
(Dave Bedard photo)
Livestock, Machinery

Manitoba pulls less-loved ag tax credits in budget

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Reading Time: 3 minutes More funding for agriculture innovation in Manitoba’s latest provincial budget will be offset in part by an immediate end for several of the less popular tax credits available for farm use. Provincial Finance Minister Cameron Friesen on Tuesday laid out a 2017-18 budget with an overall $840 million deficit, based on a four per cent […] Read more
Guide Business

Top financial tools for farmers

January is a great time to review the financial tools that help you make the best decisions

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Reading Time: 4 minutes For many of us, the new year is a time of reflection. It’s an opportunity to take stock of where you’ve been, where you are, and where you’re going, both personally and professionally. This is certainly important for farmers, as January is a good month for a detailed review of the administrative side of the […] Read more
(click image for larger view)
Guide Business, Management

Assessing risk in the farm business

AME Management: Develop a heat chart to see how your business can be impacted by adversity

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Reading Time: 3 minutes The process of assessing risk in a farm business is no different than in any other business. In agriculture, however, the types of risks in agriculture can be unique. How an individual views risk, how much they want to accept and how they manage it varies from person to person. Even so, there is a […] Read more
(Regis Lefebure photo courtesy ARS/USDA)
Livestock, Markets

Que. pledges reserve to backstop risk management programs

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Reading Time: < 1 minute Quebec’s agriculture ministry plans to set up a $300 million reserve fund to backstop any sudden shortfalls in provincial risk management program funds for farmers. Speaking Thursday to the provincial pork producer group, Les Eleveurs de porcs du Quebec, Agriculture Minister Pierre Paradis said the province will set up the reserve over the next two […] Read more
Premier Stephen Harper and Manitoba Premier Greg Selinger examine flooded areas around Brandon in July 2014. (PMO photo by Jill Thompson)
General, Weather

Manitoba seeks more climate-responsive risk management

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Reading Time: < 1 minute A Manitoba provincial task force has been set up to seek ways in which farm risk management programs could be “more comprehensive and sustainable” in handling “climate-related challenges” such as floods. “Manitoba’s farmers have told us existing agricultural programs can’t adequately address these climate-related challenges, especially as they become more common,” Agriculture Minister Ron Kostyshyn […] Read more

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