News From SCIC

Today, Agriculture Minister David Marit announced $119 million in direct support for drought-affected cattle producers under the AgriRecovery program. The program will provide a per head payment to help maintain breeding stock. This financial relief will help producers with extraordinary costs caused by drought, such as accessing feed and water.

The federal and provincial governments have agreed to increase the 2021 AgriStability interim benefit payment percentage from 50 per cent to 75 per cent for Saskatchewan producers.

During today’s virtual meeting of Canada’s federal, provincial, and territorial (FPT) Ministers of Agriculture[1], Ministers agreed to remove the reference margin limit for AgriStability, one of the business risk management (BRM) programs under the Canadian Agricultural Partnership. The removal of the reference margin limit will be made retroactive to the 2020 program year. In addition, the deadline for producers to enrol in the 2021 program year will be extended to June 30, 2021.

Producers will now have additional time to conduct their Livestock Price Insurance (LPI) business.