Ottawa, ON – The Canadian Cattle Association (CCA) is pleased to see the Livestock Price Insurance (LPI) Pilot officially launched in several Maritime provinces. The new program will permit producers from New Brunswick and Prince Edward Island – and soon Nova Scotia – the ability to purchase insurance on price protection for their beef cattle in the case of an unforeseen market disruption.
“CCA has long been advocating for an expansion to LPI in the Maritimes given that producers in the region have been operating without this viable risk management tool,” said Nathan Phinney, CCA President. “The announcement by Minister MacAulay and his Maritime provincial counterparts is welcome news following the momentum built at last year’s Federal, Provincial and Territorial Agriculture Ministers’ meeting in Fredericton.”
For full news release, click HERE.
Comments