Reading Time: < 1 minute Producers can expect several changes to Agriculture Financial Services Corporation’s insurance products for 2023. The changes include a move to monthly payments for Moisture Deficiency Insurance, an increase in the reseeding benefit compensation rate, the addition of a bear predation pilot project (for hives and bees) to the Wildlife Damage Compensation Program, increased coverage for […] Read more
Insurer moves to monthly drought coverage payouts
AFSC also cancelling pasture coverage program that relied on satellite imagery
Insurance available for lightning and fire damage
Annual crop or hay fields insured under Straight Hail Insurance have the same spot-loss coverage as Hail Endorsement
Reading Time: < 1 minute It’s summertime in Alberta, and with the season comes an increased potential for volatile storm activity. Depending on your insurance coverage with Agriculture Financial Services Corporation (AFSC), you may have protection against losses related to lightning strikes and accidental fires. “Agriculture is filled with unpredictable events, including the weather,” said Ken Handford, senior product co-ordinator. […] Read more
AFSC wants a grain sample before you sell to an unlicensed buyer
A proper sample is key to a payout on an insured crop — here are the rules governing that
Reading Time: 2 minutes Producers who are thinking about selling their grain through an unlicensed grain buyer need to consider a variety of factors, especially if they have production insurance through Agriculture Financial Services Corporation (AFSC). “If you’re thinking about selling grain to a grain dealer, a private buyer, a feedlot or even straight off the combine, it’s very […] Read more
AFSC creates ‘salvage grade’ for spring-harvested crops
Reading Time: < 1 minute Agriculture Financial Services Corporation has created a ‘salvage’ grade factor for 2019 crops harvested this spring. The grade was created following a survey of buyers to determine a range of prices at which crops are trading. If the grain is of lower quality than normal grade factors account for, the salvage factor provides an assessment […] Read more
AFSC makes changes to perennial crop insurance
Reading Time: < 1 minute Agriculture Financial Services Corporation is making several adjustments to its perennial crop insurance programs for 2020. These include: Recalculated historical pasture normal yields, resulting in an increase of coverage for pasture insurance. On average, pasture normal yields have increased approximately 55 per cent for this year, which means clients receive higher compensation in the event […] Read more
Interest-free loans for wildfire damage offered
Reading Time: < 1 minute Ranchers and farmers in Cypress County and the MD of Acadia, which were hit by wildfires in October, can now apply for interest-free rebuilding loans of up to $25,000. Applications under the Hilda Wildfire Support Loan Program will be accepted until March 31. The loans can go to fund working capital, pay expenses and/or help […] Read more
Feeding pasture cattle on insured hay fields
Reading Time: 2 minutes Here are the options for pasturing cattle on insured hay fields. If clients have any questions or concerns about the policy or procedures they should contact their local Agricultural Financial Services (AFSC) branch office. This spring has experienced low precipitation rates and windy conditions in many parts of the province that may be contributing to […] Read more
Alberta crop conditions as of June 3, 2014
2014 Alberta crop report summary for Southern, Central, North East, North West, and Peace River regions
Reading Time: < 1 minute Seeding is essentially completed with all regions at 95 per cent or better. It is estimated that up to 2 per cent of acres may not get seeded due to excessive moisture. Sixty per cent of crops have emerged. Precipitation in amounts of 25-50 mm was noted in the western portion of the Central region, […] Read more
Cyber-Savvy Farmer
