Budget 2014 Supports Canada’s Beef Cattle Producers14 February 2014
CANADA - The Canadian Cattlemen’s Association (CCA) has welcomed the investments and commitments in the 2014 Federal Budget that support important initiatives for Canada’s beef cattle producers.
The Economic Action Plan 2014 proposes to provide C$205.5 million over five years to continue routine Bovine Spongiform Encephalopathy (BSE) programming.
The CCA said it appreciates the commitment and funding that is needed to reach negligible risk status as early as next year and to maintain effective surveillance and prevention measures.
Beef cattle producers will also benefit from the Government of Canada’s continued commitment to and investment in increasing market access, innovation and competitiveness.
The CCA welcomes tax deferrals for farmers impacted by drought or excessive moisture conditions and supports the expansion of that program to include more types of breeding livestock.
Budget 2014’s reaffirmed commitment to price and basis insurance is also appreciated.
The recently announced Western Livestock Price Insurance Program will be available to producers in Western Canada this spring.
This market-based risk management program will help eligible producers manage price and basis risk – one of the most unpredictable aspects of managing Canadian cattle farms.
The four-year pilot project is an important expansion of the price and basis insurance program in place in Alberta since 2009 and is a positive step forward towards the CCA’s goal of achieving a national plan.
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