The escalating trade war between Canada and the United States, along with China’s targeted levies on Canadian canola oil and meal, is causing uncertainty for Alberta’s agribusinesses and farmers and ranchers.
With tariffs and retaliatory measures threatening to disrupt supply chains, lower commodity prices and increase input costs, it’s crucial for producers to adopt strategies to protect their businesses.
“As primary producers, Alberta’s farmers and ranchers can’t do much to prevent a trade war,” said Darryl Kay, Agriculture Financial Services (AFSC) chief executive officer. “However, they can take steps to mitigate the impacts of tariffs as much as possible.
“AFSC’s risk management programs are designed to support producers when they face challenges and help them grow their businesses.”
With crop insurance, income stabilization, Livestock Price Insurance and Lending options, AFSC offers risk management tools that help Alberta’s producers handle various situations, from production loss due to weather conditions to margin decline caused by market conditions beyond their control.
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