Alberta government dissolves Agriculture Financial Service Corporation board

Jun 15, 2016

Members were abusing expense privileges

By Diego Flammini
Assistant Editor, North American Content
Farms.com

Alberta’s provincial government removed the Agriculture Financial Services Corporation (AFSC) board of directors and suspended three other senior executives. The move came after an anonymous tip in November led to an investigation which showed the abuse of expense privileges and the acceptance of gifts, according to CBC.

AFSC

CBC identified the three other senior executives as: president and managing director Brad Klak, chief operating officer Merle Jacobson, and vice president of innovation and product development Wayne McDonald.

According to an audit by Alberta’s chief internal auditor, there were many expense claims they deemed unnecessary to performing work duties, including:

$19,144 paid to a consultant for a 25 per cent share of Edmonton Oilers luxury box tickets for 10 games in 2011. A receipt for the $664.54 AFSC paid for food was not provided and an attendance list wasn’t available.
$5,108 for a dinner in Tokyo in 2011, hosting the Alberta Government representative in Japan.
$880 for Red Deer Rebels hockey tickets in 2011.
$1,071 in hosting at Edmonton Country Club in 2012.

“The auditor’s report is a difficult and unsettling read. I am troubled by these findings,” Alberta Minister of Agriculture Oneil Carlier said at a press conference. He added the findings reveal a culture of entitlement that won’t be tolerated.

Video: Farmers: Stop Letting Risk Steal Your Profit — These New Insurance Tools Change the Game

Volatile markets. Unpredictable weather. Tight margins. Farming has never carried more risk—but now, you have smarter ways to protect your operation.
In this interview, Chris Corbett, Sales Manager at AGi3, breaks down a new generation of insurance solutions built specifically for today’s farm businesses: ForwardProtect — Protect your grain operation from the double hit of yield shortfalls and rising prices when forward contracts can’t be filled.
AgriEnhance — Take control of your crop risk plan with flexible yield coverage and whole-farm revenue protection tailored to your operation.
FarmElevate — A modern approach to farm insurance, combining deep ag expertise with advanced technology to protect your property, equipment, and liability.
These aren’t traditional policies—they’re strategic tools designed to protect your margins, stabilize cash flow, and give you confidence in uncertain markets.
If you’re serious about managing risk and protecting your bottom line, this is a must-watch.