Risk mitigation high in Canadian agriculture

Aug 19, 2022

A FCC survey to understand the influence of the evolving operating environment on risk mitigation strategies shows that risk mitigation levels remain high in Canadian agriculture.

By Andrew Joseph, Farms.com; Photo by Andrew Draper on Unsplash

The FCC (Farm Credit Canada) has released a report on its most recent examination of the risk mitigation strategies affecting Canadian agriculture.

Looking at the categories of production, market, financial, human resources, and legal, the FCC report is based upon a survey about risk perceptions and producers’ implementation of relevant risk management strategies.

First undertaken in 2020, the FCC acknowledges that recent factors surrounding inflation and rising interest rates, the war in Ukraine, supply chain disruptions, and more warrant a 2022 update.

It found that:

Production risk management continued to improve;
Human resources risk remained the lowest risk category;
Risk management strategies differed by sector.

To read the full analysis of this survey, go to the FCC website HERE.

Video: New Solution Powers Efficient Pork Growth

Alltech has introduced Olerix, an innovative phytogenic blend created to promote growth and feed efficiency in pigs. Through a proprietary coating process, the bioactive blend of phytogenic compounds used in Olerix is designed to outlast the manufacturing process, ensuring consistent outcomes from feed to finish. The result is a high-impact efficiency solution that provides consistent support for gut health, feed efficiency, immune function and growth performance. Olerix is backed by validated trials conducted under modern pork production conditions.

“As the industry searches for technology to drive profitability forward in a more sustainable manner, we’re thrilled to join that effort with our Olerix technology,” said Mark Hulsebus, general manager for U.S. pork at Alltech. “Our work in this phytogenic space is yielding very encouraging results, and we’re excited to make this new opportunity available to pork producers focused on optimizing feed efficiency and growth rates.”

“Olerix represents the next generation of phytogenic technology — combining feed efficiency, livability and immune support into a practical commercial solution producers can implement today,” said Andy Rash, U.S. monogastric director at Alltech.