The Atlantic beef industry is a powerful economic driver for Canada with over $100 million in farm cash receipts and over $25 million in exports. As the sector continues to grow, the Government of Canada is committed to working with beef and cattle producers to provide them with the tools they need to manage risks and remain sustainable and profitable.
Member of Parliament for Fundy Royal Alaina Lockhart, speaking on behalf of Agriculture and Agri-Food Minister Lawrence MacAulay at the 2018 Maritime Beef Conference, today announced an investment of over $90,000 to the Maritime Beef Council (MBC) to help them explore options to reduce the impact of price volatility on their bottom line.
The project activities include analyzing the base price difference between Alberta and the Maritimes cattle prices, and determining if a price insurance model, similar to the Western Livestock Price Insurance Program, can work for livestock producers in Maritime provinces.
Source : Agriculture and Agri-Food Canada