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KAP Statement On Province's Forage Insurance Review

The following statement is attributable to Bill Campbell, president, Keystone Agricultural Producers (KAP):
 
“We commend Manitoba Agriculture and Resource Development and Manitoba Agricultural Service Corporation (MASC) for undertaking a review of Manitoba Forage Insurance and for releasing the full contents of the review publicly. The contents of this review will help government better understand risk management behaviour and insurance purchasing decisions of Manitoba forage producers.
 
Manitoba forage producers continue to face challenges including inadequate coverage levels, payment timing not reflective of the cash flow requirements, limited options relating to crop quality, and others. Participation in the forage insurance program continues to decline.
 
The recommendations outlined in the review are a huge step forward to addressing these challenges. We are looking forward to working with MASC and providing input on:
 
- examining new ways to assign coverages to producers
- reducing red tape so that more producers can participate
- adopting an approach that relies on weather or satellite-based technology
- enhance future programming to include options that reflect modern dairy operations’ forage crop choices.
- creating forage insurance payments timeline that are effective for operational cash flow management
 
We also look forward to provincial government developing a livestock forage insurance team to help improve the effectiveness of forage insurance program and support the growth of Manitoba’s livestock sector.”
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Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”

Video: Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”


After a week of a U.S./China trade truce, markets/trade is skeptical that we have not seen a signed agreement nor heard much from China or seen any details. There are rumors that China is buying soybean futures & not the physical. Trust in Trump?
12 MMT of U.S. soybean purchases by China by year-end is better than 0 but we all need to give it more time and give it a chance to unfold. China did lower the tariffs on Ag and is buying U.S. wheat and sorghum.
U.S. supreme court could rule against Trumps tariffs, but the Trump administration does have a plan B.
U.S. government shutdown is now the longest in history at 38 days.
But despite a U.S. government shutdown we will be getting a USDA November crop report next Friday and it could be “game changing.” If the USDA provides a bullish surprise with lower U.S. corn and soybean yields and ending stocks that are lower than expected both corn and soybean futures will break out above their ceilings at $4.35/bu and $11.35/bu respectively.
The funds continued their selling in live and feeder cattle futures on continued fears that the Trump administration want to lower U.S. beef prices. The fundamentals have not changed, only market psychology has.
Stocks markets continue to worry about a weak U.S. job market, but you can blame ChatGPT for that. In the future, we will have a more efficient, productive and growing economy with a higher unemployment rate until we have more skilled AI workers.
After 34 new record highs in the S & P 500 and 124 new records in the NASDAQ in 2025 we are back to a correction and investor profit taking as AI valuations may have gotten too stretched near-term ahead of NVDA’s 3rd quarter earnings announcement on Nov. 19th. But this is not an AI bubble.
75% of Tesla shareholders approved a $1 trillion pay package for Elon Musk!
It has rained in South America in the last 7 days, but both the American and European models agree that Central Brazil remains dry in the next 14-days!