The Province is earmarking over $17-million as its share of the $26-million federal set aside program.

Premier Jason Kenney says during these difficult times the industry has really been hurting.

"The Government of Alberta is standing with out agriculture workers, our farmers and ranchers who do so much for us, that's one of the many sectors of our economy that's been deeply affected by the broader economic crises created by COVID-19 and so we're pleased to be able to take these measures as we continue to monitor the impact more broadly to see if additional action is necessary," he says.

Agriculture Minister Devin Dreeshen says as long as there aren't any more major disruption at processing facilities the backlog of cattle that's driving prices down should help smooth out the wild price fluctuations.

"Our province provides most of the country’s beef, and the current disruption is resulting in substantial costs for our ranchers," Dreeshen says. "We’re doing everything we can to ensure beef, pork and potato producers are able to stay afloat until things return to normal."

"Thank you to Minister Bibeau, Minister Dreeshen, the Government of Canada and the Government of Alberta for working together to ensure beef producers across Canada and Alberta will receive the support necessary to continue providing top-quality beef to Canadians across the country," Bob Lowe, president, Canadian Cattlemen’s Association. "This is a first step and we look forward to continuing to work with the federal and provincial governments to ensure that all beef producers will receive the supports needed due to the extraordinary circumstances of the pandemic."

"Alberta beef producers appreciate the commitment and leadership shown by the Government of Alberta through the contribution of matching funds to AgriRecovery or a set-aside program to immediately support our industry," Kelly Smith-Fraser, chair, Alberta Beef Producers. "Thank you, Minister Dreeshen, for recognizing the devastating impacts COVID-19 is having on Alberta’s beef industry and working together with the federal government to support the needs of producers so we can maintain our food supply chain."

AgriRecovery initiatives are cost-shared 60-40 between federal and provincial governments.