CFA Pushes For BRM Reform

Mar 27, 2020

Earlier this week, Prime Minister Justin Trudeau announced measures to help farmers deal with the financial impact of COVID-19.

Farm Credit Canada (FCC) will be receiving an extra $5 billion in lending capacity. In addition, a six-month extension will be given on loan repayments through the Advance Payments Program.

Mary Robinson is the president of the Canadian Federation of Agriculture (CFA).

"CFA is highly aware that we don't want to create the sense that loaning more money to agriculture is going to fix this problem," she said. "We've had a pretty great channel of communication with AAFC and talking about BRM. I think we're going to see a whole bunch of things just continue to change and I think we're going to see adjustment to BRM moving forward that are going to continue to change. As we make our way through this crisis, government's made it very clear to us that they consider the production of food to be essential."

Robinson says some of the topics being discussed this week during the industry roundtable are Business Risk Management (BRM) programs, trade, and the availability of containers.

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This material is based upon work that is supported by the National Institute of Food and Agriculture, U.S. Department of Agriculture, under agreement number 2023-38640-39573 through the North Central Region SARE program under project number ENC23-226. USDA is an equal opportunity employer and service provider. Any opinions, findings, conclusions, or recommendations expressed in this publication are those of the author(s) and should not be construed to represent any official USDA or U.S. Government determination or policy.