KAP President Comments On AgriStability Proposal

Dec 01, 2020

In an effort to improve AgriStability, the federal government is proposing to increase the compensation rate from 70% to 80% and remove the reference margin limit.

We got reaction from Keystone Agricultural Producers (KAP) President Bill Campbell.

"Since it's been introduced, it's long been on one of the points that has really inhibited the ability for AgriStability to work," he said. "It's one of those features of the program that has really hampered producers when they get to do their paperwork and find out that this reference margin limit is really the sticking point on a lot of producers' ability to make the program help stabilize their farm."

The provinces will now review the proposal that was unveiled last week after the FPT ag ministers meetings.

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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?

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