Farms.com Home   Ag Industry News

Minister Bibeau extends AgriStability deadline in B.C.

Minister Bibeau extends AgriStability deadline in B.C.

Farmers have until June 30 to apply for the program

By Diego Flammini
Staff Writer
Farms.com

British Columbia farmers have more time to apply for a federal assistance program.

On Monday, federal Ag Minister Marie-Claude Bibeau and B.C. Agriculture Minister Lana Popham announced they’ve triggered the late participation mechanism for the AgriStability program, which provides support when farmers experience large market declines.

New B.C. farmers or those who previously opted out of the program now have until the end of June to apply for the program covering 2018. Enrolled producers have had their fee payment deadline extended to April 30.

“Producers can have access to the AgriStability funds whether they originally registered or not,” Minister Bibeau told reporters in Vernon, B.C., Global News reported. “We understand how hard it has been with these changes in the weather and fluctuation of prices for certain commodities.”

Despite the extension, farmers are encouraged to apply early.

Those who wait too long may only receive 80 per cent of allotted compensation.

It’s “an incentive for all farmers to register soon, (but) at the same time, we didn’t want to leave all those farmers behind,” Bibeau said.

Cattle producers are appreciative of the added enrollment time.

Last year’s wildfires caused farmers to lose buildings, pastureland and even cattle.

Accessing the AgriStability program will help ranchers offset some of those losses, said Dave Haywood-Farmer, president of the Canadian Cattlemen’s Association.

“Today’s announcement will benefit more B.C. producers and farmers who were impacted by the fires in 2018, which, unfortunately, are becoming a regular occurrence in B.C. during the summer,” he told The Columbia Valley Pioneer. “It’s also a good example of the diversity of conditions that can impact Canadian beef industries in any given year.”

Receiving the assistance could also be the difference between a farmer raising food or selling the property.

“I think, in some cases, it will be the difference between whether some people stay in business or don’t stay in business, particularly with some of the big fires we had in the northern part of the province, where agriculture is a very big part of some of the smaller communities,” John Anderson, vice-president of the B.C. Cattlemen’s Association, told Global News.


Trending Video

Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?

Video: Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?


Historically, the USDA December crop report is a non-event or another dud report as the USDA reserves any final supply changes to the final report in January of the following year in this case 2026. But after the longest U.S. government shutdown in history at 43 days and no October crop report will they provide more data/surprise and make an exception?
Our China U.S. soybean purchase tracker is now at 26.6% or a total of 3.2 mmt but for traders it’s taking too long to unfold.
The final Stats Canada production report was bearish canola and wheat projection a record crop in both (it adds to the global glut of supplies) and bullish local corn and soybean prices in Ontario/Quebec thanks to a drought. It will not help the fund flow short-term, the USDA may need to offset it?
A U.S. Fed interest rate cut of another 25-basis point next Wednesday (probability 87.1%) could help fund flow and sentiment in stock and ag commodities into year end.
More inflows into Bitcoin this past week saw prices rebound back above 90,000 with support at 82,000 and resistance at 96,000.
A V-shaped bottom in cattle suggest the lows are in after Mexico reported another new world screwworm case. Lower weights, seasonal demand and higher U.S. beef select/choice values with a continued closure of the Mexican border to cattle will result in a resumption of higher cattle futures into yearend.
Australia is expected to produce its 3rd largest wheat crop ever at 36 mmt adding to the global glut of supplies.
Reports of ASF in hogs in Spain the largest pork exporter in Europe could see the U.S. win more pork export business long-term.
If the rains verify into next week of 3-5 inches for Brazil it would go a long way to fixing the dry regions from the last 2-months, but the European weather model has been wrong for the past 2-months!
Natural gas futures are surging to the 3rd price count as frigid hold temps set in.
CDN $ is also surging to end the week on a very resilient economy and better employment numbers suggesting no interest rate cuts next week.
Finally, the CFTC report showed funds were net buyers of soybeans but sellers of corn, canola and wheat. In real time the funds have gone back to selling as they take some profits.