AgriInsurance Archives | Alberta Farmer Express

Relatively low payouts in recent years mean the province’s crop insurer can afford to sharply reduce premiums and have enough in reserve to cover “a significant wreck.” (* The size of AFSC’s reserve fund for crop insurance in billions of dollars. The figure for 2020 may be adjusted as it reflects payouts made as of Jan. 31 and processing of the 2020 year is still ongoing).

Big crop insurance premium cut may last for years, says AFSC

Barring a big crop wreck, this year’s 20-per-cent cut in premiums will continue for five years, says CEO

By Jennifer Blair February 8, 2021

Reading Time: 5 minutes Alberta farmers will see a 20 per cent cut to crop insurance premiums this year — and if all goes well, those savings could continue over the next five years. “We’re providing a premium break right now that will lower the cost to producers in the program — (but) even doing that, we still find […] Read more

Crops, Weather

Alberta crop insurer taps reserve to cut premiums

AFSC to pare premiums by 20 per cent

By Dave Bedard, GFM Network News January 29, 2021

The reserve at Alberta’s Crown crop insurance agency will be tapped to offset the premiums charged to farmers for the 2021 crop year, and possibly for longer. The province’s Agriculture Financial Services Corp. (AFSC) said Monday its farmer customers will get a 20 per cent discount on crop insurance premiums this year — which on […] Read more

General

Ontario extends lost-labour production insurance

COVID-related coverage held over for 2021 program year

By Dave Bedard, GFM Network News January 5, 2021

A temporary expansion of Ontario’s AgriInsurance program, to cover losses caused by COVID-19-related short-handedness on the farm, will be held over. The province and federal government on Dec. 22 announced the expansion of coverage will be extended to cover the 2021 program year — and that it will insure production of “additional commodities.” Further details […] Read more

Crops, Fruit/Vegetables

Ontario to insure for crop loss due to lack of labour

AgriInsurance offering hailed as a first in Canada

By Dave Bedard, GFM Network News July 10, 2020

Ontario’s federal/provincial AgriInsurance program has been temporarily expanded to include coronavirus-related labour shortages as a covered cause for crop loss. Producers already enrolled in an eligible production insurance plan and hit by crop losses due to labour disruptions during the 2020 growing season will be able to get further insurance coverage, the Ontario and federal […] Read more

Crops

Insurance customers’ contact info dropped into MASC email

Crown crop insurance agency warns of privacy breach

By Dave Bedard, GFM Network News June 2, 2020

A contact list of crop insurance customers at Manitoba Agricultural Services Corp. has gone out via email to several dozen of the Crown ag insurance agency’s customers. MASC on Monday said a file containing names and contact information of an unspecified number of AgriInsurance clients was “attached in error” to an email sent last Tuesday […] Read more

General, Markets

COVID-19 aid ‘falls short,’ farm groups warn

Aid package includes AgriRecovery for cattle, hog sectors

By D.c. Fraser, GFM Network News May 7, 2020

Ottawa — Despite Prime Minister Justin Trudeau saying more money will be provided if needed, the agriculture sector continues to criticize Ottawa’s $252 million in COVID-19-related financial aid offered to producers and processors. “If we have to add more, we will,” said Trudeau, after announcing new funding and programming. The federal government is offering an […] Read more

General, Markets

P.E.I. plans AgriStability top-up, AgriInsurance discount

Province also pledges potato storage funding

By Dave Bedard, GFM Network News April 26, 2020

Prince Edward Island’s response to COVID-19 includes plans to pump up its farmers’ coverage level under the federal/provincial AgriStability income stabilization program. The P.E.I. government on Thursday announced a support package for farmers including $8.8 million over two years in additional business risk management (BRM) program funds. That includes paying the provincial portion of the […] Read more

Crops, Forages, Hay, Weather

Hay disaster benefit kicks in for Manitoba growers

By GFM Staff January 13, 2020

Eligible Manitoba forage growers can expect to share in a $5 million hay disaster benefit (HDB) for the 2019 crop year. Manitoba Agricultural Services Corp. (MASC), the provincial crop insurance agency, announced Friday that the HDB has been activated and benefit payments to eligible forage producers on about 1,500 claims will begin “shortly.” The HDB, […] Read more

General

Outside panel named for farm risk management review

By Alberta Farmer Staff December 24, 2017

A panel of 11 “external” experts from across the country has been picked to offer guidance and feedback on a federal/provincial review of farm business risk management (BRM) programming. The panel’s appointment follows an agreement by federal, provincial and territorial agriculture ministers back in July to launch a review of BRM programs, assessing those programs’ […] Read more

Crops, News

Crop insurance rates down in 2016

Malt barley insurable for the first time and organic production is also eligible for coverage this year

By Agriculture Financial Services March 24, 2016

Reading Time: < 1 minute Agriculture Financial Services Corporation has made six enhancements to the AgriInsurance programs, including a first of its kind malt barley insurance product. The corporation, provincial and federal governments, and producer groups worked together to make the enhancements based on producer feedback. The malt barley insurance will have a premium price compared to feed barley, but […] Read more

Major flour miller to buy U.S. chickpea processor

Wet or dry spring ahead? Depends on where in Canada

Spanish report calls for cull of over 850 cattle on pariah ship

GFM Network News