Manitoba’s livestock producers will have a new tool to manage risk and withstand market volatility. Federal Agriculture Minister Gerry Ritz and Manitoba Food and Rural Development Minister Ron Kostyshyn announced that the province will participate in the Western Livestock Price Insurance Program (WLPIP).
“With this new program, Manitoba’s beef and pork producers can insure their herds against unexpected price drops,” said Minister Ritz. “Our government will continue to work closely with the provinces and industry to make sure producers have access to the bankable and predictable tools they need to grow their operations and our overall economy.”
Details of the new pilot program are being finalized and will be available for cattle and hog producers beginning this spring. It is a voluntary and user-friendly program which will help producers manage risks related to market volatility and unexpected price declines.
Thursday February 13, 2014/ Agriculture and AgriFood Canada/ Canada.