Canadian Canola Growers Association Wants Limit Increase On Cash Advance Program

Mar 22, 2018

Bill C-49 needs to be amended and passed by the Senate as soon as possible.

That from Canadian Canola Growers Association (CCGA) CEO Rick White, who spoke earlier this week at an emergency meeting hosted by the House of Commons Standing Committee on Agriculture and Agri-Food.

CCGA had a suggestion for the federal government.

"One of the solutions that we put forward on behalf of farmers was to have the government consider expanding the limit on the Cash Advance Program from $400,000 to $800,000, just as an assurance to make sure that farmers at least have credit available should this problem continue and they're not able to ship grain, they're not able to get paid," said White. "We don't want to turn this into a cash flow problem for farmers."

Source : Steinbachonline

Video: Finding a Balance of Innovation and Regulation - Dr. Peter Facchini

Regulations help markets and industry exist on level playing fields, keeping consumers safe and innovation from going too far. However, incredibly strict regulations can stunt innovation and cause entire industries to wither away. Dr. Peter James Facchini brings his perspective on how existing regulations have slowed the advancement of medical developments within Canada. Given the international concern of opium poppy’s illicit potential, Health Canada must abide by this global policy. But with modern technology pushing the development of many pharmaceuticals to being grown via fermentation, is it time to reconsider the rules?

Dr. Peter James Facchini leads research into the metabolic biochemistry in opium poppy at the University of Calgary. For more than 30 years, his work has contributed to the increased availability of benzylisoquinoline alkaloid biosynthetic genes to assist in the creation of morphine for pharmaceutical use. Dr. Facchini completed his B.Sc. and Ph.D. in Biological Sciences at the University of Toronto before completing Postdoctoral Fellowships in Biochemistry at the University of Kentucky in 1992 & Université de Montréal in 1995.