Ottawa, ON – The Canadian Cattlemen’s Association (CCA) and our provincial members are encouraged by the results of today’s Federal-Provincial-Territorial (FPT) meeting regarding the changes to the AgriStability program.
CCA is pleased the FPT Ministers agreed to the removal of the reference margin limit (RML) within AgriStability. The original proposal tabled by Minister Bibeau included the removal of the RML and an increase to the compensation rate from 70 per cent to 80 per cent. While we are disappointed governments could not yet agree to the compensation rate, we are pleased with the changes that will stand to benefit beef producers across the country. Removing the RML will go a long way in making AgriStability more predictable and equitable for our industry. CCA is also encouraged that with today’s announcement, the April 30 enrollment deadline has been extended to June 30, 2021 and the removal of the RML is retroactive to 2020.
“We need to have tools that help us better manage the risks of weather, trade and production. The removal of the RML will help level the playing field for beef producers and better position our industry to contribute to Canada’s economic recovery,” said Bob Lowe, Canadian Cattlemen’s Association President. “The Canadian beef sector appreciates the work of all FPT Ministers to address risk management programs and to ensure the ongoing viability of Canada’s agriculture sector, particularly at a time when the beef sector is primed to drive Canada’s economic recovery.”
CCA is pleased to see that the Federal offer remains on the table for cost-shared improvements to the compensation rate and encourages all FPT Ministers to continue productive discussions on changes to agriculture risk management programs in Canada.
For further information, contact:
Canadian Cattlemen’s Association