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March 4, 2024 Business Tools

Alberta set to launch new Drought and Flood Protection Program

Pending the passing of Budget 2024, $125 million is set to be invested over the next five years for Alberta’s new Drought and Flood Protection Program.

This program is designed to help vulnerable municipalities and Indigenous communities across the province develop the long-term infrastructure needed to improve their drought and flood resilience and adapt to severe weather.

The Drought and Flood Protection Program would help fund the design and construction of projects that protect critical infrastructure from flooding and drought and help to protect public safety. This could include projects to relocate or drought-proof critical infrastructure, improve drainage or water retention ponds, and stabilize riverbanks or construct flood barriers. The program would be application-based and municipalities, improvement districts, special areas, Metis Settlements and First Nations would all be eligible to apply.

“Droughts and floods can devastate public infrastructure and private property, disrupt our economy, damage the environment, and put lives at risk,” says Rebecca Schulz, Minister of Environment and Protected Areas. “The new Drought and Flood Protection Program would help communities across the province build the practical infrastructure they need to help protect people’s homes and keep businesses going, regardless of the weather.”

The Drought and Flood Protection Program builds on the work of the Alberta Community Resilience Program, which ended in 2020. Additional program details, including eligibility requirements, application deadlines and cost-sharing components, will be released when the program opens later this year.

This is part of the Alberta government’s work to prepare for the risk of a severe drought this year and develop the long-term strategies and infrastructure needed to help maximize Alberta’s long-term water supply. Recent actions include standing up the Drought Command Team, creating the new Water Advisory Committee, conducting advanced modelling and launching the largest voluntary water-sharing discussions in provincial history.

About the Author

Kara grew up on a grain farm near Bow Island, Alberta. After attending SAIT and the University of Calgary — where she obtained a degree in communication and media studies, and a diploma in broadcast news — Kara began her professional career working in agricultural communications and agricultural journalism. Kara now resides near her family’s farm, raising a mix of livestock, consisting mostly of goats (because something has to eat all that kochia). Kara has a passion for storytelling, but even more so, asking the questions that matter. You can find her surrounded by farmers/ranchers and a cup of coffee — or at an upcoming ABP event!

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Cattle Report

Updated: 12/04/2024

Steers

Live: ---
Rail: 415.00-420.00 del

Heifers

Live: ---
Rail: 415.00-420.00 del

Choice Steers

Live: 182.00 (KN, TX) 185.00 (NE)
Rail: 293.00-295.00 (NE, IA)

Choice Heifers

Live: 182.00 (KN, TX) 185.00 (NE)
Rail: 293.00-295.00 (NE, IA)

Boner Cows

Over 500 lbs: 250.84

Canadian Dollar

$72.82   0.32

Livestock Price Insurance Index

Expiry Fed Feeder Calf
8-Jul-24 226 -- --
5-Aug-24 222 318 --
2-Sep-24 220 324 --
30-Sep-24 220 324 366
28-Oct-24 218 324 366
25-Nov-24 216 320 364
23-Dec-24 222 312 360
Last Updated on April 11, 2024

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