Export insurance and code of practice receive $1.2 million
The groups that speaks for Canada’s crops sector will receive federal funding to develop an insurance plan against the unpredictability of export customers.
Federal Agriculture and Agri-Food Minister Marie-Claude Bibeau said the Canada Grains Council (CGC) will receive over $430,000 to develop a pilot insurance product for grain exporters to address the risks they face of having their shipments rejected at the border of the importing country.
“Canadian grains are in demand around the world because of their quality, nutrition, innovation and value,” Bibeau said in a news release. “The funding demonstrates the federal government’s ongoing commitment to advancing the grains and oilseed sectors. These investments address two key issues facing the sector: better risk management tools and market readiness.”
Bibeau said the government wants to ensure grain farmers are protected against the unpredictability of the international market and the risks of regulatory trade barriers, particularly around input residues on seeds.


