Search
Better Farming OntarioBetter PorkBetter Farming Prairies

Better Farming Ontario Featured Articles

Better Farming Ontario magazine is published 11 times per year. After each edition is published, we share featured articles online.


New federal program encourages private solutions to farm risk management

Wednesday, June 19, 2013

by SUSAN MANN

The federal government is resurrecting an old idea to encourage the farming industry and the private sector to develop new risk management tools for farmers.

On Monday, Parliamentary Secretary for Agriculture Pierre Lemieux announced that up to $15 million is available for developing and adopting new private sector or producer-funded agricultural risk management tools. The money will be made available under Growing Forward 2’s AgriRisk Initiatives program.

Al Mussell, George Morris Centre senior research associate, says before the initial Growing Forward program was introduced in 2008 there was a program called private sector risk management partnerships. It was designed to provide resources for developing insurance-type programs and other options for industries to mitigate risks that were complimentary to existing business risk management programs, such as crop insurance.

Mussell says at the time of the private sector risk management partnerships program there were “quite a number of pretty innovative projects that came out.”

He notes he can infer from the government introducing the AgriRisk Initiatives program that “there is renewed interest on behalf of governments in having programs like that again. I think it makes good sense.”

The government press release says the AgriRisk Initiatives program is to facilitate industry-led research and development along with the implementation and administration of new insurance-based tools for the agriculture, agri-food and agri-products sectors. Applications are now being accepted.

The government will allocate a total of up to $3 million a year over five years for the program to fund research and development projects on potential new industry-led risk management products and services. Approved projects can be eligible for up to $500,000 annually. The money under the program can be used for:

  • Research and development costs.
  • Data collection and analysis.
  • Legal and actuarial costs.
  • Consultations. BF

Current Issue

September 2025

Better Farming Magazine

Farms.com Breaking News

Wheat Output Decline Projected for 2025

Wednesday, September 10, 2025

Statistics Canada’s latest modelled estimates suggest that wheat production in Canada will decline slightly in 2025, driven primarily by weaker yields across several regions. National output is expected to edge down 1.1% to 35.5 million tonnes, with yields forecast to fall 1.2% to 49.6... Read this article online

Research Projects and Companies Supported Through OAFRI

Tuesday, September 9, 2025

The governments of Canada and Ontario have announced an investment of up to $4.77 million to strengthen the province’s agri-food sector. This funding, delivered through the Ontario Agri-Food Research Initiative (OAFRI) under the Sustainable Canadian Agricultural Partnership (Sustainable... Read this article online

First Northern Cohort Joins Ontario Vet Program

Thursday, September 4, 2025

This September, the Ontario Veterinary College (OVC) at the University of Guelph welcomed its inaugural Northern Cohort of 20 students through the Collaborative Doctor of Veterinary Medicine Program (CDVMP). This initiative, created in partnership with Lakehead University, marks a milestone... Read this article online

BF logo

It's farming. And it's better.

 

a Farms.com Company

Subscriptions

Subscriber inquiries, change of address, or USA and international orders, please email: subscriptions@betterfarming.com or call 888-248-4893 x 281.


Article Ideas & Media Releases

Have a story idea or media release? If you want coverage of an ag issue, trend, or company news, please email us.

Follow us on Social Media

 

Sign up to a Farms.com Newsletter

 

DisclaimerPrivacy Policy2025 ©AgMedia Inc. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Back To Top