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Developing an agricultural risk management tool

Flooding, pests, disease and other extreme weather events are constant risks to the businesses and livelihoods of farmers. So, parliament has announced a $786,921 investment for Farm Management Canada to develop a new online agricultural risk management tool called "AgriShield". This online tool will help farmers have real-time assessments of the potential negative impact of risks to their businesses and provide mitigation solutions. For example, if an overland flood situation is imminent, the tool can help farmers to assess the degree of risk they face and potential mitigation measures that they can adopt, such as tile draining or insurance coverage.

This investment is being made through Agriculture and Agri-Food Canada's AgriRisk Initiatives, which supports the research and development, as well as the implementation and administration of new risk management tools for use in the agriculture sector.