June 12, 2024 – Fredericton, New Brunswick – Agriculture and Agri-Meals Canada
A brand new threat administration software goals to supply monetary safety to cattle producers and assist develop the sector.
The brand new Beef Cattle Value Insurance coverage Pilot Program will enable producers in New Brunswick and Prince Edward Island to buy value fluctuation insurance coverage for beef cattle, which can defend them from surprising market downturns.
The coverage purchaser pays the complete value whereas the federal and provincial governments share the prices of managing the pilot program.
The Marine Life Insurance coverage Pilot Program is a two-year regional initiative, which can complement the present Enterprise Danger Administration (BRM) applications provided to the livestock business. It is going to be evaluated and presumably prolonged whether it is warranted.
Farm money receipts will attain $1.2 billion in New Brunswick in 2023, breaking the earlier report of $1.1 billion set in 2022.
2024-06-12 18:06:06
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