Risk Management

Federal, provincial and territorial (FPT) Ministers of Agriculture have reached agreement on the five-year Canadian Agricultural Partnership policy framework. Governments will continue to deliver a complete and effective suite of business risk management (BRM) programs. New program parameters are in place as of April 1, 2018.

Business Risk Management (BRM) programs are in place to help farmers in managing risks from income declines resulting from drought, flooding, low prices, and increased input costs. The programs work together by providing protection for different types of losses, as well as cash flow options.

• AgriInvest helps cover small margin declines. AgriInvest Publications and Forms
• AgriStability assists in cases of large margin declines caused by circumstances such as low prices and rising input costs. AgriStability Publications and Forms
• AgriInsurance offers protection for production losses related to specific crops or commodities caused by natural hazards.
• Western Livestock Price Insurance Program is a new risk management tool for cattle and hog producers in Western Canada to help withstand volatility in the market.
  

Read about what’s in effect for the Canadian Agricultural Partnership and learn more about the Ag Action Manitoba.

Find other information on business management, contracts & leases, financial management, marketing & risk management, transition planning and production economics.

If you have questions, contact your local Manitoba Agriculture Office, or email us and a farm management specialist will contact you.