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The creation of a Foot and Mouth Disease Vaccine Bank continues to moves forward

Federal, Provincial and Territorial Ag Ministers announcing an agreement to create a vaccine bank for Foot and Mouth Disease. that's something the Canadian Cattle Association has been pushing for.

Estimates suggest a FMD outbreak would impact our ability to export animals and could cost the industry anywhere from $19.4 Billion to $65 Billion in potential economic impacts.

In the Spring budget, Ottawa committed $57.5 million over 5 years with $5.6 million ongoing to the CFIA to establish the Vaccine Bank and to develop FMD response plans.

During this week's FPT meeting in Fredericton, Ministers discussed the guiding principles of Canada's FMD vaccine bank, with a focus on:

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Livestock Price Insurance

Video: Livestock Price Insurance

A look at Livestock Price Insurance, a risk-management tool which allows producers to purchase price protection on cattle and hogs in the form of an insurance policy. The program is available in British Columbia, Alberta, Saskatchewan, and Manitoba and provides producers with protection against an unexpected drop in prices over a defined period of time.