The federal agriculture minister has wrapped up talks with his provincial counterparts n St. John’s, Newfoundland.
Saskatchewan Agriculture Minister Lyle Stewart took part as well as other provincial and territorial ministers.
The Canadian Agricultural Partnership talks were aimed at drafting the next policy framework for Canada’s agriculture sector.
CAP is a five-year federal-provincial-territorial funding agreement that takes effect on April 1, 2018 and replaces Growing Forward 2 or GF2.
According to a government release, CAP will maintain the same level of funding as GF2.
Canada and Saskatchewan will invest a total of 388-million dollars over five years for strategic initiatives in Saskatchewan.
The new agreement includes a change to AgriStability, allowing provinces and territories an option to trigger late participation.
A further change to AgriStability addresses the negative consequences of Reference Margin Limits (RML) in AgriStability, introduced in GF2. The RML will be limited so AgriStability is fairer for producers with low input costs.
The Western Livestock Price Insurance Program will continue under CAP.