Agriculture Financial Services Corp (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…

Farmers and ranchers impacted by drought and wildfires can now enroll in the newly reopened AgriStability program. While enrolment for this year’s AgriStability program previously closed in the spring, the Government of Alberta and Agriculture and Agri-Food Canada announced last week that producers can sign up for late participation until September 29. “Our government has…

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…

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…