Glacier FarmMedia—The federal and provincial governments have introduced help measures to assist Manitoba livestock producers affected by drought conditions, together with quicker insurance coverage payouts and the flexibility to defer mortgage funds.
The Manitoba Agricultural Companies Company (MASC) will present help via its AgriInsurance program to enhance money circulation for producers needing further feed, Federal Agriculture Minister Heath MacDonald and Manitoba Agriculture Minister Ron Kostyshyn stated in an announcement made on July 23.
“Our livestock producers play a crucial position in our meals provide and our economic system. We have to do every part we are able to to help them, particularly within the face of those dry situations,” MacDonald stated in a press launch despatched out that day. “These program adjustments will guarantee producers in Manitoba obtain declare payouts quicker, to allow them to supply different feed choices as rapidly as doable.”
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MASC will apply a top quality adjustment issue to cut back yield value determinations by 40 per cent for drought-stricken cereal crops transformed to livestock feed. The adjustment covers wheat, oats, barley, fall rye, triticale and grain corn. The identical measure was final utilized in 2021 and resulted in over 100,000 acres of grain crops being transformed to livestock feed.
Producers with forage and pasture insurance coverage will even see adjustments, together with the choice to defer premium funds on claims made earlier than Oct. 1, obtain partial funds when doable, and permit livestock to graze insured forage after the primary minimize with out penalty.
“We acknowledge that a few of Manitoba’s livestock producers are dealing with difficult situations with the shortage of precipitation in sure areas of the province,” Kostyshyn stated.
“With pastures drying up and minimal sources of feed for livestock, you will need to give producers the sources they should maintain their herds. These measures will assist to enhance money circulation for Manitoba’s livestock producers and supply further choices to entry feed.”
MASC will even supply lending purchasers the chance to defer mortgage funds and supply steering on financing feed purchases if wanted.
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