Livestock Price Insurance coming to maritime producers

Reading Time: < 1 minute

Published: June 10, 2024

Jodie Griffin, program coordinator for the Livestock Price Insurance program, presents at the SSGA AGM.  Photo: Melissa Jeffers-Bezan

At the Saskatchewan Stock Growers Association (SSGA) conference on June 10 in Swift Current, Sask., Canadian Cattle Association (CCA) vice president Tyler Fulton highlighted the expansion of Livestock Price Insurance, which will be available to producers in Eastern Canada. Initially announced in February, the expansion will finally come into effect sometime this week.

“It’s something we probably take for granted here in the prairies. But it’s one thing that has been a long time coming for our eastern counterparts,” Fulton said while presenting at the conference.

Previously, Livestock Price Insurance has been available to producers all over Canada, except for in the maritime provinces, leaving them without a risk management program. Fulton says expanding this program has been something CCA has been working on for a long time.

Read Also

Larvae of the screwworm fly, collected from infected cows, are observed at the COPEG sterile fly production plant, which fights the spread of the cattle screwworm, in Pacora, Panama, June 11, 2025. REUTERS/Enea Lebrun/File Photo

Mexico sees 32 per cent jump in flesh-eating screwworm cases since August as cases move north

Mexico recorded 6,703 cases of animals infested with New World screwworm as of September 13 since the start of the outbreak in November of last year. That was compared to 5,086 confirmed cases during the previous period, which ended August 17.

Jodie Griffin, a program coordinator for the Livestock Price Insurance program, says producers should be aware of the official announcement coming on June 12.

“They will be able to buy for sure on Wednesday, maybe even Thursday,” she said in a quick interview.

Griffin presented at the SSGA conference as well, speaking about the importance of Livestock Price Insurance, because it establishes a floor price for cattle producers in a volatile market. While presenting, Griffin says producers should always consider price insurance because volatility remains even in a rising market, and that when potentially catastrophic event occur, like the avian influenza in March 2024 or highly talked about Foot-and-Mouth Disease, price insurance is producers only defence.

“I really think it’s super important for our cow-calf sector,” she said.

About the author

Melissa Jeffers-Bezan

Melissa Jeffers-Bezan

Field editor

Melissa Jeffers-Bezan grew up on a mixed operation near Inglis, Man., and spent her teen years as a grain elevator tour guide. She moved west, to Regina, Sask. to get her Bachelor of Arts in Journalism degree from the University of Regina and during that time interned at the Western Producer. After graduating in 2022, she returned to Glacier FarmMedia as Field Editor for the Canadian Cattlemen Magazine.  She was the recipient of the Canadian Farm Writer Federation's New Writer of the Year award in 2023. Her work focuses on all things cattle related.

explore

Stories from our other publications