MONCTON, NB,
March 17, 2018 /CNW/ - The
Atlantic beef industry is a powerful economic driver for
Canada with over $100 million in farm cash receipts and over
$25 million in exports. As the sector
continues to grow, the Government of Canada is committed to working with beef and
cattle producers to provide them with the tools they need to manage
risks and remain sustainable and profitable.
Member of Parliament for Fundy Royal Alaina Lockhart,
speaking on behalf of Agriculture and Agri-Food Minister
Lawrence MacAulay at the 2018
Maritime Beef Conference, today announced an investment of over
$90,000 to the Maritime Beef Council
(MBC) to help them explore options to reduce the impact of price
volatility on their bottom line.
The project activities include analyzing the base price
difference between Alberta and the
Maritimes cattle prices, and determining if a price insurance
model, similar to the Western Livestock Price Insurance Program,
can work for livestock producers in Maritime provinces.
Quotes
"The Government of Canada
is proud to support beef producers in the Maritimes in developing
the tools they need to manage risks and grow their industry. This
investment will contribute to help protect the producers against
unexpected price declines, while strengthening the sector
and create well-paid jobs for middle-class
families."
-
Alaina Lockhart, Member of
Parliament for Fundy Royal
"The Maritimes is the only region of Canada currently operating without a livestock
price insurance program. Leveling the playing field will allow all
Canadian cattle producers to protect themselves from volatile
market conditions. The success and growth of the Maritime beef
industry is heavily weighted on the development and delivery of
programs of this
nature."
-
Nathan Phinney,
Chair, Maritime Beef Council
Quick Facts
- The Maritime Beef Council is comprised of the three
provincial cattle organizations (New
Brunswick, Nova scotia, and Prince
Edward Island), regional industry personnel and local
scientists who work together to develop and improve the maritime
beef Industry.
- This investment was provided through the AgriRisk program
under Growing Forward 2, a federal, provincial, territorial
initiative.
- The Canadian Agricultural Partnership is a five-year,
$3 billion investment by
federal-provincial and territorial governments, which will
strengthen the agriculture, agri-food and agri-based products
sector, ensuring continued innovation, growth and prosperity. The
Partnership will replace Growing Forward 2 in April 2018.
- Under the Canadian Agricultural Partnership, producers
will continue to have access to a robust suite of Business Risk
Management (BRM) programs to help manage significant risks that
threaten the viability of their farm and are beyond their capacity
to manage. Changes to the BRM programs agreed to in July 2017, will come into effect for the 2018
program year.
Additional Links
- AgriRisk Initiatives (Agriculture and Agri-Food
Canada)
- News Release: Canadian Agricultural Partnership: Setting
the foundation for our farmers and food processors - November 24, 2017 (Agriculture and Agri-Food
Canada)
- Canadian Agricultural Partnership
- Maritime Beef Council
Follow us on Twitter: @AAFC_Canada
Like us on Facebook: CanadianAgriculture
SOURCE Agriculture and Agri-Food Canada