Insured farmers with flood losses have options

Agriculture Financial Services Corporation says insurance coverage for crop losses won’t kick in till harvest

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The impact of the flooding in southern Alberta won’t likely be known until harvest time.

There are insurance programs affected producers can access if their post-harvest yields aren’t up to snuff, said Doug Dueck, Agriculture Financial Services Corporation’s (AFSC) area manager for the south region of the province.

“Flooding is not spot loss, but flooding is a designated peril,” Dueck said.

Crop production insurance like AgriInsurance, or a whole farm program like AgriStability, could help farmers, though the deadline to get coverage was April 30. Insurance wouldn’t specifically cover losses due to flooding but would help make up total losses.

“The flooding is not as bad as we thought it would be (although) there is some localized flooding here and there,” he said. There has also been “a sprinkling of hail throughout the south region,” said Dueck, adding straight hail insurance can still be purchased as long as the producer hasn’t suffered more than 25 per cent hail damage already.

Producers served by AFSC’s High River branch, which is closed indefinitely, can go to Vulcan or Claresholm offices or phone the call centre.

AFSC’s lending programs are also available to eligible applicants who might be looking to access funds to repair and rebuild, Dueck said.

“They’re not specifically designed for this event but you know if that results in something folks need, they certainly can talk to us about any of their lending requirements,” Dueck said.

AFSC’s website notes producers with irrigation insurance won’t see their coverage reduced because this is a disaster and out of control of individual producers.

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