0
Due to flooding, SGI extends farm plate eligibility exemption
Farmers throughout the province facing an unusually wet seeding period for the second year in a row
Category: Agriculture
Emergency Preparedness Week kicks off in Toronto
By ILSTV Staff on Apr 29, 2011 in Agriculture
Emergency Preparedness Challenge will help Ontarians become aware of how they can protect themselves and their homes in disasters
Sask. crop insurance up $42 per acre to $173
Federal Agriculture Minister Gerry Ritz and Saskatchewan Agriculture Minister Bob Bjornerud announced changes to the 2011 Saskatchewan Crop Insurance Program, which includes record provincial funding, record coverage levels, an enhanced Unseeded Acreage Benefit and other program improvements. “Crop Insurance is the first line of defence against risk for Saskatchewan farmers,” said Ritz in a statement. [...]
Ontario pork and beef farmers want price insurance program
The Ontario Cattlemen’s Association and Ontario Pork is advocating for government support of a risk management program (RMP) to protect against market fluctuations and to share in and limit risk. The two industries are seeking to enlist both the Provincial and Federal governments to partner with them in establishing insurance programs similar to the successful [...]
Australian floods to cost nation billions in ruined crops, lost coal exports
Deadly floodwaters that swamped huge parts of Australia will cost the nation one billion Australian dollars in agricultural losses. The nation’s treasurer, Wayne Swan, said Friday that billions more will be lost in coal exports. The damage figures released by Swan come a day after the government unveiled the idea of a temporary tax to [...]
Desjardins Financial Group take-over bid circular, Western Financial Group Directors’ circular mailed to Shareholders
Desjardins Financial Corporation Inc. has mailed its formal offer and take-over bid circular dated January 21, 2011 and related documents to registered shareholders of Western Financial Group Inc., in connection with its previously announced all-cash offer for all of the issued and outstanding common shares of Western at a price of CDN $4.15 per common [...]
Ontario beef and pork farmers partner to support insurance program
By ILSTV Staff on Dec 03, 2010 in Agriculture
The Ontario Cattlemen’s Association and Ontario Pork have jointly launched a campaign in support of a risk management program (RMP) for the beef and pork industries. Ontario’s beef cow herd has declined 18.4% since the beginning of 2003 while sow herd has declined over 20% since 2007. This downturn is the result of several factors [...]
Alberta’s feeder cattle producers get new insurance program
Alberta beef producers have a new tool to help handle volatile market prices and uncertainty around the Canadian dollar as they prepare their cattle for market. Cattle Price Insurance Program (CPIP)-Feeder is the second insurance program to become available within the CPIP suite of programs and provides beef producers with protection against price risk, currency [...]
Prairie farmers collect $155 million in crop hail insurance payouts
Farmers across Alberta, Saskatchewan and Manitoba received $155 million this year, spread over 16,000 claims of hail damage. The Canadian Crop Hail Association said that farmers in Saskatchewan received nearly $103 million in crop hail insurance this year; Alberta producers claimed about $28 million and Manitobans claimed $14.8 million. The Saskatchewan Crop Insurance Corporation said [...]
SGI seeking public input on farm license plates
SGI is seeking public input on Saskatchewan’s farm-class license plate program. “The needs of farmers and farming business have changed dramatically since some of these policies were last reviewed as much as 30 years ago,” said Minister Responsible for SGI Tim McMIllan. “To ensure the farm plate program continues to be relevant, we have asked [...]
Willis sets up agri-business unit to respond to growing insurance needs of crop, forestry sectors
Hughes-Gibb, the specialist bloodstock, livestock and aquaculture division of Willis Group Holdings, the global insurance broker, announced that it is expanding its services to clients in agribusiness. Broadening its expertise to include Crop and Forestry, the wholesale broker has appointed Julian Roberts as leader of the new unit, effective immediately. Based in London, Roberts will [...]
Farmers could lose as much as $3B after heavy Prairie flooding: BMO
Flooding that ravaged fields across a large swath of the Prairies this summer could end up costing the farming industry as much as $3 billion, BMO Capital Markets said. Deputy chief economist Doug Porter said the situation is not quite as dire as the 2003 mad cow crisis that, by some estimates, cost the beef [...]
Ontario extends farming Risk Management Program
The province of Ontario has announced that it is supporting its grain and oilseed producers by temporarily extending the sectors’ Risk Management Program (RMP) pilot for the 2010 crop year. The program helps farmers offset losses caused by low grain and oilseed commodity prices. In 2010, prices for grain and oilseed have dropped more than [...]
BMO offers financial relief for flooded farmers
In the aftermath of this year’s heavy rainfall and devastating floods, BMO Bank of Montreal has launched a Financial Flood Relief Program for its commercial customers affected by the extensive damage. “We want to assist our farm customers that were affected by the flooding. This program will help alleviate the difficulties being faced by farmers [...]
Governments pledge $450M to help farmers
By ILSTV Staff on Jul 15, 2010 in Agriculture
Help is on the way for prairie farmers dealing with excess moisture and flooding through the largest and fastest AgriRecovery relief package to date. The Governments of Canada, Saskatchewan, Alberta and Manitoba, will make up to $450 million available to help farmers take immediate steps to protect and restore damaged cropland. "Farmers are resilient when [...]
Wet weather across Prairies dampens crop forecast
By ILSTV Staff on Jun 22, 2010 in Agriculture
Unprecedented wet weather across the Prairies has dampened the crop forecast. The Canadian Wheat Board said in its preliminary crop outlook released on June 11 that about 7.7 million hectares will be seeded to wheat – the smallest area since 1971. The barley crop is looking at its worst seeding since 1965 with about [...]
Alberta farm producers get hail insurance online
By ILSTV Staff on Jun 10, 2010 in Agriculture
The Alberta government is offering crop and forage producers a new online system to purchase Straight Hail Insurance 24 hours a day from Alberta’s Agriculture Financial Services Corporation (AFSC). The new online option provides clients with a choice of purchasing Straight Hail Insurance on the AFSC website, or through traditional methods, such as at an [...]
Deadline nearing for Alberta beekeeper coverage
By ILSTV Staff on Jun 09, 2010 in Agriculture
Alberta’s beekeepers can protect their business from high winter losses in their bee colonies by purchasing Bee Overwintering Insurance before the June 20 application deadline. Bee Overwintering Insurance, provided by the Alberta government through the Agriculture Financial Services Corporation (AFSC), is a valuable investment in business-risk-management. This insurance program, the only one of its kind [...]
