Historical AgriStability analysis demonstrates that capturing full winter feed and pasture cost, along with removing feed inventory price swings during droughts, could significantly improve the responsiveness of the AgriStability program for Alberta’s cow-calf sector. A pilot study will be undertaken to determine the most appropriate program design under various winter-feeding practices. In early 2023, AFSC…
It’s no secret that Canada’s farm population is aging. Statistics Canada’s 2021 Census of Agriculture revealed that over 60 per cent of Canada’s farmers are 55 and older and that many of those farmers have no transition plan for their farms. Which is cause for concern. Decades of hard work and sacrifice could be wiped out when…
Applications open October 30 for the 2023 Canada-Alberta Drought Livestock Assistance program, providing livestock producers with up to $165 million to maintain breeding herds. The governments of Alberta and Canada are partnering on the 2023 Canada-Alberta Drought Livestock Assistance program to support livestock producers facing extraordinary costs due to this year’s dry conditions. Funding for…
Producers can get The Dish on the challenges and opportunities of perennial risk management August 1 at AgSmart in Olds, AB. The Dish is a special informational event hosted by Agriculture Financial Services (AFSC) and AgSmart. Attendees will gain insights into the opportunities and challenges related to perennial risk management in both Canada and the…
AFSC is adjusting the low yield allowance for 2023 to encourage farmers to put more poor-quality crops towards livestock feed. For 2023, AFSC is doubling the low yield threshold to allow for additional cereal or pulse crops to be salvaged for livestock feed. For example, the barley crop threshold will be increased from 150 to…
More information on Alberta crop insurance premiums is available in this fact sheet. Producers can expect to see higher premiums for the 2023 crop year. The increase is mainly due to higher crop prices, more producers participating in the insurance program, and impacts from the 2021 drought. All efforts are made to ensure premiums remain…
Enhancements to Agriculture Financial Services’ Moisture Deficiency Insurance (MDI) have resulted in a delay for long season claim payments. Jesse Cole, manager of Insurance Products and Product Innovation, explained that producers with late season split and full season coverage typically receive their claim payments by the beginning of October. With the delay, producers should expect…
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