Farms.com Home   Ag Industry News

Alberta government dissolves Agriculture Financial Service Corporation board

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.


Trending Video

CEOs of the Industry – International Edition Michael Agerley | Partner, IQinAbox

Video: CEOs of the Industry – International Edition Michael Agerley | Partner, IQinAbox

In this CEOs of the Industry – International Edition, we sit down with Michael Agerley, Partner at IQinAbox, to explore how data is reshaping the future of pig production.

After more than 20 years as a veterinarian, Michael shares his unique perspective on the shift from hands-on animal care to data-driven decision making across the pork value chain.

We dive into:

• How better data is improving real on-farm decisions

• The biggest opportunities still untapped in pig production

• How Europe is leading (and where it’s still lagging) in tech adoption

• The role of AI and smart systems in the next 5–10 years

• Why trust, leadership, and practical application matter more than ever

This conversation bridges veterinary insight, technology, and real-world farming, offering a clear look at where the industry is headed—and what it will take to get there.