"McCann points to a widening gap between evolving risks and largely unchanged programs, noting that 'the risk landscape is changing... and the risk programs... aren't changing.'"
"'We need farms... to manage normal business risk,' he says, adding that policy should better define when additional support is warranted."
"The conversation also underscores a shift toward proactive risk management. Rather than relying solely on reactive support, both speakers suggest Canada must equip producers with tools to anticipate and manage risk more effectively."
Canada's agricultural risk management is under pressure as producers face increasing volatility. Current business risk management tools are not adapting to evolving risks. There is a notable gap between the changing risk landscape and the static nature of existing programs. Producer sentiment indicates rising concerns about risk. The focus should be on managing normal business risks rather than eliminating them. Participation challenges in programs like AgriStability highlight issues with predictability. A proactive approach to risk management is essential for equipping producers to handle future uncertainties effectively.
Read at Realagriculture
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