Fredericton, New Brunswick – Agriculture and Agri-Food Canada
A new risk management tool for beef producers aims to protect them financially and help their sector grow.
The new Maritime Livestock Price Insurance Pilot Program will allow producers in New Brunswick and Prince Edward Island to purchase price protection on beef cattle in the form of an insurance policy, in the event of unexpected market declines.
The purchaser of the policy pays 100% of the premiums while the federal and provincial governments share the cost of administering the pilot program.