By Medicine Hat News on January 25, 2024.
Saskatchewan is again freezing grazing lease rates for ranchers who access Crown land and will reduce rent on land that has reduced capacity due to drought, that province announced Wednesday.
“The beef cattle sector continues to experience challenges with tight margins and ongoing concerns related to multiple years of dry conditions,” said Agriculture Minister David Marit. “Maintaining rates at the existing level, and offering a reduction in some scenarios, will help producers plan for 2024.”
Rates are usually reset each winter based on fall cattle prices and long-term stocking rates on specific parcels on leases comprising about 6 million acres.
The Saskatchewan Cattlemen’s Association issued a statement in support.