Cuyler Huffman

Cuyler Huffman

B.C. offers livestock insurance

B.C. cattle producers now have the same opportunity for insurance guarantees that have been extended to Alberta producers since 2009.

B.C. cattle producers now have the same opportunity for insurance guarantees that have been extended to Alberta producers since 2009.

The new Western Livestock Price Insurance Program was announced earlier this year by agriculture minister Gerry Ritz and extends insurance to producers in B.C., Saskatchewan and Manitoba as a four-year pilot program.

“I think the Cattle Price Insurance Program or (CPIP) is good thing,” says Cuyler Huffman, Cariboo Cattlemen’s Association president.

He says ranchers were able to subscribe as of March 26.

“It is meant to protect producers in the event that future prices are adversely affected by any number of potential threats,” Huffman says.

“The cattle market has been quite volatile in the past number of years causing uncertainty and a lack of ability to plan for the future in our ranching businesses.

“This program gives a little sense of security at least for the current year marketable calves or yearlings.”

He says the program, run by the AFSC, compiles data from nearly all auction markets in western Canada and from there determines what the settlement price will be for that particular day.

“As with all insurance we hope that the market is above settlement price, therefore prices are strong and a payout will not occur,” Huffman says. “The program basically puts a floor in the marketplace.”

He says the program is totally voluntary and premiums are reasonable, costing about ($3 per 100 pounds of weight) for maximum insurance all the way down to around ($0.50/cwt).

That generally will cost around $15/calf insured and downward.

 

The program is also available for feeder cattle, cattle weighing around 850 pounds, that generally go to pasture for the summer and are sold in early fall.

 

 

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

As a former reporter and editor at the Tribune, Diana French carries on sharing her ideas through her weekly column. (Photo submitted)
FRENCH CONNECTION: Skating rink welcomed

This lake one will not last long but is still worth it

Jim Hilton pens a column on forestry each week for the Quesnel Observer.
FOREST INK: New batteries close to industrial level applications

The good news is the hope that this cost should come down each year

Researchers in B.C. say earlier than usual return of bats or dead bats can indicate trouble, such as signs of white-nose syndrome. (Cathy Koot photo)
Public help is essential for monitoring for bat disease

Anyone finding a dead bat is asked to report it to the BC Community Bat Program

Sandi Griffiths is the region’s new district manager of transportation for the Ministry of Transportation and Infrastructure. (Monica Lamb-Yorski photo - Williams Lake Tribune)
New MOTI district manager takes the wheel in Williams Lake

Sandi Griffiths replaces Todd Hubner who retired recently

A health worker holds a vial of AstraZeneca vaccine to be administered to members of the police at a COVID-19 vaccination center in Mainz, Germany, Thursday, Feb. 25, 2021. The federal state of Rhineland-Palatinate, start with the vaccination of police officers in internal police vaccination centers. (Andreas Arnold/dpa via AP)
B.C. officials to unveil new details of COVID vaccination plan Monday

Seniors and health-care workers who haven’t gotten their shot are next on the list

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

An investigation is underway after a man was shot and killed by Tofino RCMP in Opitsaht. (Black Press Media file photo)
Man shot and killed by RCMP near Tofino, police watchdog investigating

Investigation underway by Independent Investigations Office of British Columbia.

B.C. Supreme Court in Vancouver on Tuesday December 11, 2018. THE CANADIAN PRESS/Darryl Dyck
B.C.’s compromise on in-person worship at three churches called ‘absolutely unacceptable’

Would allow outdoor services of 25 or less by Langley, Abbotsford and Chilliwack churches

Baldy Mountain Resort was shut down on Saturday after a fatal workplace accident. (Baldy Mountain picture)
Jasmine and Gwen Donaldson are part of the CAT team working to reduce stigma for marginalized groups in Campbell River. Photo by Marc Kitteringham, Campbell River Mirror
Jasmine’s story: Stigma can be the hardest hurdle for those overcoming addiction

Recovering B.C. addict says welcome, connection and community key for rebuilding after drug habit

A Vancouver restaurant owner was found guilty of violating B.C.’s Human Rights Code by discriminating against customers on the basis of their race. (Pixabay)
Vancouver restaurant owner ordered to pay $4,000 to customers after racist remark

Referring to patrons as ‘you Arabs’ constitutes discrimination under B.C.’s Human Rights Code, ruling deems

Nanaimo children’s author and illustrator Lindsay Ford’s latest book is ‘Science Girl.’ (Photo courtesy Lindsay Ford)
B.C. children’s writer encourages girls to pursue the sciences in new book

Lindsay Ford is holding a virtual launch for latest book, ‘Science Girl’

Most Read