As the Canadian Agricultural Partnership sunsets over the next six months, the next round is finalizing its planning, which includes a name change. Starting April 1, 2023, the Sustainable Canadian Agricultural Partnership (SCAP) will begin a new five-year work cycle with funds totalling $3.5 billion.
Farmers across Canada are encouraged to hit the books and go back to school this off-season with MNP and Farm Management Canada. The two organizations have teamed up to help farmers increase their financial literacy by offering free online courses designed to explain important concepts specific to agriculture.
As part of its 2020/21 budget, the Alberta government announced a budget cut of $5.3 million to the Agriculture Financial Services Corporation (AFSC). However, the Crown corporation’s chief financial and innovation officer said farmers and agribusiness owners who rely on AFSC for loans, crop insurance and disaster assistance shouldn’t panic. The organization’s staff plan to sharpen their pencils to cut administration costs, rather than customer service.