AB Direct - Steers

Live: ---
Rail: ---

AB Direct - Heifers

Live: ---
Rail: ---

US Trade- Steers

Live: ---
Rail: ---

US Trade - Heifers

Live: ---
Rail: ---

Canadian Dollar

July 22, 2021

Federal government announces early designation of Livestock Tax Deferral provision

On Thursday, Minister of Agriculture and Agri-Food Canada Marie-Claude Bibeau announced the early designation of the Livestock Tax Deferral provision for prescribed drought regions, as well as federal support to Prairie provinces for immediate bilateral adjustments to AgriInsurance program to make drought-damaged crops available for feed.

“Our Government is working closely with our provincial partners to respond on a rapid basis to the evolving drought situation in Western Canada,” said Minister Bibeau. “I am here to listen and help those farm families hard hit by this extreme weather. Our Government is taking action to help them through the challenges we face today and ensure they are supported for a sustainable future.”

“I am extremely pleased with today’s announcement from Minister Bibeau,”  said Dr. Melanie Wowk, Chair, Alberta Beef Producers (ABP). “A significant portion of our proposals to the government were included in the support outlined by the federal government. I would like to thank both federal and provincial governments for their swift action to deliver on our requests. This is a good first step towards maintaining our mother cow herd.”

Points included in today’s announcement:

  • Early designation of Livestock Tax Deferral provision for the prescribed drought regions will allow eligible beef producers to offset revenues with the costs to replace the herd. See: Livestock Tax Deferral Provision and 2021 Initial List of Prescribed Regions.
  • AgriRecovery assessments are underway with British Columbia, Alberta, Saskatchewan, Manitoba and Ontario.
  • Provinces affected by drought can invoke the late participation provision of AgriStability, for producers who have not yet enrolled to access program supports.

“Today’s announcement from Minister Bibeau shows the government’s commitment to agriculture, and the beef industry. I would like to express our sincere gratitude to both Ministers Bibeau and Dreeshen for delivering on the needs of farmers and ranchers, who work hard to provide food to families in Alberta and across Canada,” said Brad Dubeau, ABP General Manager.  

Minister Bibeau’s announcement comes after an afternoon tour of Manitoba farms in the dealing with drought conditions in the Interlake Region.

Share this on

Leave a Reply

Your email address will not be published.

Top Stories

August 8, 2022 Current Markets & Forecasts

Canfax Weekly Article | Report for the week of August 8, 2022

August 5, 2022 Checking in with ABP

July Auction Market Update

August 2, 2022 Issues & Insights

What We're Reading | Optimism has returned with the rains for the cattle sector

Cattle Report

Updated: 09/08/2022


Live: ---
Rail: ---


Live: ---
Rail: ---

Choice Steers

Live: ---
Rail: ---

Choice Heifers

Live: ---
Rail: ---

Boner Cows

Over 500 lbs: US$ 166.30

Canadian Dollar

$77.65   0.06

Livestock Price Insurance Index

Expiry Fed Feeder Calf
31-Oct 174 226 -
28-Nov 172 222 -
23-Jan 184 224 -
20-Feb 184 226 -
20-Mar 184 228 -
17-Apr 192 228 -
Last Updated on August 4, 2022