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Create an insurance coverage program to assist shield maple syrup producers and appeal to new ones

July 15, 2024 – Fredericton, New Brunswick – Agriculture and Agri-Meals Canada

A brand new danger administration device goals to offer monetary safety to New Brunswick maple producers in opposition to manufacturing losses attributable to pure components, resembling excessive climate.

The AgriInsurance program permits maple syrup producers to buy safety by buying insurance coverage.

The New Brunswick Division of Agriculture, Aquaculture and Fisheries already provides the AgriInsurance program to apple growers and growers of grains, grain corn, oilseeds, potatoes, strawberries, candy corn, contemporary greens and wild blueberries.

Members within the new program share the price of premiums with the provincial and federal governments. AgriInsurance is a federal-state-producer shared value program that helps producers handle manufacturing and high quality losses. Monetary help for this system is offered by the governments of Canada and New Brunswick as a part of the Canadian Sustainable Agriculture Partnership (Sustainable Agriculture Partnership).

The provincial and federal governments labored with the New Brunswick Maple Syrup Affiliation to develop this system.

New Brunswick farm money receipts of $1.2 billion in 2023 broke the earlier report of $1.1 billion, set in 2022.

2024-07-15 21:02:39
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