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Environment committee  In a lot of cases, the federal government will implement a tax deferral, because if you want to take good care of your ranch, in a lot of cases you have to destock when it gets dry so you can take care of your pasture. We see tax deferrals so we can rebuild without having to pay tax on the money we got from selling the animals, but in a lot of cases, it's almost too late by the time we know about the ability to do a tax deferral.

March 21st, 2024Committee meeting

Ryan Beierbach

Environment committee  I can add a bit to that. When you look at a lot of other parts of the world, the resources may be cheap, so they're not as concerned about wasting them, whereas in Canada, our resources are relatively expensive, so when we look at making them economically viable for production, we have to do a really good job.

March 21st, 2024Committee meeting

Ryan Beierbach

Environment committee  There's not really been anyone from the federal government. I sit on the Global Roundtable for Sustainable Beef, so we share our production practices with other parts of the world so that we can help bring the entire beef industry up. We do a really good job of measuring emissions, but we don't measure the carbon sequestration we do, so we're only really getting half of the equation when we look at the carbon footprint on the beef side.

March 21st, 2024Committee meeting

Ryan Beierbach

Environment committee  I'll let Duane start, if that's okay.

March 21st, 2024Committee meeting

Ryan Beierbach