Helping PEI Farmers Identify and Mitigate Risk

HARRINGTON, PE, Aug 4, 2017 /CNW/ - The Government of Canada is committed to working with agricultural industry partners and the private sector to explore and develop new risk management tools that meets the needs of Canadian farmers when faced with serious challenges beyond their control.

Minister of Agriculture and Agri-Food, Lawrence MacAulay, was at the Harrington Research Farm in PEI today to announce a $300,500 investment for the Prince Edward Island Federation of Agriculture (PEIFA) to undertake a risk assessment of agriculture on the island. The assessment will include three focus groups, from across PEI, to discuss and rank various risks associated with agricultural production for a range of commodities.

Quotes

"We are proud to partner with the PEIFA to help Island farmers better understand and mitigate the risks they face on their operations. We're helping farmers access the information and tools they need to continue to grow and strengthen our economy."
- Lawrence MacAulay, Minister of Agriculture and Agri-Food

"The Federation is appreciative of the Government's commitment to working with us on this important initiative.  This work will assist the farming community on PEI to proactively get ahead of our collective risks and built toward a stronger future for our industry."
- David Mol, President of PEI Federation of Agriculture

Quick facts

  • The Prince Edward Island Federation of Agriculture (PEIFA) is a not for profit and producer association. It has been in operation for 75 years with a membership of over 600 individual farming operations and 15 commodity boards representing approximately 90 percent of all primary agriculture production on Prince Edward Island.
  • This investment is being made through Agriculture and Agri-Food Canada's AgriRisk Initiatives (ARI) which supports the research and development as well as the implementation and administration of new risk management tools for use in the agriculture sector. AgriRisk is a Growing Forward 2, Business Risk Management initiative.
  • PEI's farm cash receipts in 2016 were $487 million. This represents a 2.1 per cent increase from 2015.

Additional links

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SOURCE Agriculture and Agri-Food Canada

For further information: Guy Gallant, Director of Communications, Office of the Honourable Lawrence MacAulay, 613-773-1059; Media Relations, Agriculture and Agri-Food Canada, Ottawa, Ontario, 613-773-7972, 1-866-345-7972; David Mol, President, Prince Edward Island Federation of Agriculture, 902-368-7289

RELATED LINKS
www.agr.gc.ca

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