Steve Peters Signs Agriculture Policy Framework

by 5m Editor
2 January 2004, at 12:00am

GUELPH - Ontario's Minister of Agriculture Steve Peters has signed an implementation agreement as part of the Federal Government's Agriculture Policy Framework.

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The news means that Ontario farmers will have access to safety net programs for 2003 and for the following 4 years. The news also means producers will have to prepare for significant program changes.

Net Income Stabilization Accounts (NISA) and the Canadian Farm Income Plan (CFIP) will be replaced by a new program, while companion programs, such as Market Revenue Insurance for grains, are scheduled to be phased out over three years.

The Canadian Agricultural Income Stabilization program will replace NISA and CFIP, and although the preliminary design is clear, the government is still considering modifications such as including negative margins.

Ontario Pork has been active in consultations with both the federal and provincial governments and working with other industry groups such as the Ontario Agriculture Commodity Council and the Canada Pork Council.

Ontario Pork has consistently stated that new risk management programs should provide negative margin coverage.

If you would like to learn more about the new program and estimate what level of coverage you would receive, visit Agriculture Canada's website at:

Source: Ontario Pork - 2nd January 2003

5m Editor