Current risk management programs are not meeting the changing needs and requirements within agriculture and the lack of education and awareness around risk management strategies is limiting the growth and success of agriculture producers.
Less than 1% of Canadians are farm operators, with the number of farms in Canada declining and the land base of each farm increasing. Add to this the increases to average inputs per acre, increased labour and fixed costs, and a declining net income and the result is that the ratio of revenue to risk is substantially larger than it used to be. As a result, producers require risk management solutions to create greater certainty and mitigate risk in order to improve farming options and opportunities. Both government and producer groups have identified that improvements to agricultural risk management solutions and tools are needed. With federal and provincial priorities focused on agriculture and agri-food, there is a need to work directly with agriculture producers and industry stakeholder groups to help meet the outcomes and objectives desired, and to hear first-hand about potential opportunities and areas for improvement.
Consult with industry and stakeholder organizations to determine improvements and solutions for all agriculture risk management options;
Create greater simplicity in risk management programs by soliciting feedback from users to find out what isn’t working and ensure equitable coverage across all producer types;
If you have any questions, contact Dana Severson at email@example.com or (780) 425-4180 ext. 2.