Weather patterns over the last decade have been reliably unreliable at best. And while insurance does provide some reprieve when fall crops remain in the field until spring, farmers are contemplating management decisions they hope will diminish the risk.
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.