A livestock price insurance pilot program has opened for Nova Scotia beef producers, the federal government announced today.
“With the large investment producers have made in their beef operations today, a wider range of business risk management tools available to them can help when market disruptions take place,” said Maritime Beef Council chair Dean Manning in a news release.
Nova Scotia joins New Brunswick and Prince Edward Island in the two-year Maritime Livestock Price Insurance Pilot Program, which was announced in June 2024 after years of advocacy from cattle groups.
The administration of the program will be cost-shared between the participating provinces and the federal government. Participating producers will pay insurance premiums.
The pilot program will run until March 2026.
