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Canadian Agriculture and Risk Management Programs in the Context of the COVID-19 Crisis: A Brief Assessment

In the wake of the announcement of numerous federal ad hoc programs to stimulate the economy in response to the COVID-19 crisis, it is worth discussing how the suite of business risk management tools that are part of the Canadian Agricultural Partnership is likely to respond to the negative impacts of the pandemic on Canadian agriculture. We argue for a short term bonification of AgriInvest and AgriStability to face the challenges ahead and to minimize the inefficiencies associated with ad hoc programs. More broadly, our arguments to use a risk management tool for a black swan event instead of ad hoc programs is likely to fuel the debate between risk management and income support.

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