In July 2017, federal, provincial and territorial Ministers of Agriculture committed to a review that would explore ways to improve business risk management (BRM) programming. The announcement was welcomed by the Canadian Canola Growers Association, as it followed months of work by CCGA and other farm groups who worked together to promote the idea of a formal BRM review.
Now nine months since the review was announced, where is it at and what are we are working towards?
Scope of the review
The review will recognize the importance of all programs (AgriStability, AgriInvest, AgriInsurance) in the risk management plans of producers. It will directly involve producers and have an early focus on market risk, including addressing concerns about the timeliness, simplicity and predictability of AgriStability.
When the Ag Ministers meet again in July 2018, they will be presented with options for consideration based on early findings of the review.
What has been done to date?
In December 2017, the federal government announced an external Expert Advisory Panel consisting of producers, academics and experts to provide feedback and guidance on the review. The Panel met during the winter and early spring. Other activities include:
- The federal government held a session in Ottawa in April to gather stakeholder input.
- Engagement sessions at the provincial level are also planned or have recently taken place.
What happens next will be decided by the Ag Ministers at... (read more)