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
Crop insurance rates down in 2016
Malt barley insurable for the first time and organic production is also eligible for coverage this year
Alberta to launch malt barley insurance
Alberta is set to launch Canada’s first crop insurance product for malt barley this year. The province’s Agriculture Financial Services Corp. (AFSC) last week said it will now provide insurance coverage for a malting end-use for growers with malt barley contracts. The coverage is subject to a contract from a licensed buyer, with a minimum […] Read more
Cargill to sell crop insurance unit to Silveus
Reuters — Global commodities trader Cargill will sell its crop insurance business to the Silveus Insurance Group next month, the two companies said Tuesday. The deal will close the second week in January, said Tyler Silveus, CEO for Silveus, based in Warsaw, Indiana. “We are not disclosing terms of the deal, other than we are […] Read more
India to launch new crop insurance scheme
New Delhi | Reuters — India will launch a new farm crop insurance scheme early next year and use drones and other technologies to assess crop damage, the agriculture minister said Wednesday, in what could be Prime Minister Narendra Modi’s first major move to address rural hardship. The impact of unseasonal rains and two straight […] Read more
Crop insurance payouts soar after drought and hail
The final tally will top $700 million and may reach $900 million, with more than 6,400 hail claims processed already
Reading Time: 3 minutes While yields may be better than expected in many areas, this season’s drought and hail still hit producers hard. Agricultural Financial Services Corporation expects to pay out between $700 million and $900 million in crop insurance payments — a huge increase from the 2014 tally of $370 million. “The payouts are expected to be higher […] Read more
Manitoba hail, reseed damage claims above average
CNS Canada –– Farmers have seen more weather-related hardships this year than normal, made evident by an above-average amount of hail and reseed damage claims. Summer hail and frost at the end of June and the beginning of July took a toll on crops, leading to insurance claims above the five-year average. Manitoba Agricultural Service […] Read more
No word on farm aid until after harvest
Livestock producers have a tax deferral option, but government waiting to see if crop insurance is adequate
Reading Time: 3 minutes Crop producers will have to wait until after harvest to find out if there is any government drought assistance, says the president of the Grain Growers of Canada. The question of additional farm aid was put to Oneil Carlier, the new NDP agriculture minister, when he attended an Alberta Wheat Commission directors’ meeting in Red […] Read more
Disaster declarations raise awareness
Declaring an agricultural disaster can help speed crop insurance claims and might trigger additional government aid
Reading Time: < 1 minute Recent dry conditions and grasshopper infestations have led several counties to declare a state of agricultural disaster. Sturgeon, Parkland, Brazeau, Thorhild, Leduc, and Mackenzie counties have issued disaster declarations. They don’t trigger aid but raising awareness of the situation can be very helpful, said one county official. “Based on past experiences, making the provincial and […] Read more
Canola replanting may hinder winter wheat seeding
CNS Canada — With canola as the preferred stubble choice into which to seed winter wheat in Western Canada, it’s possible farmers will run into problems seeding this fall due to vast canola reseeding in early June. “The crop insurance said there was over a million acres reseeded (in Manitoba), and when you reseed, unless […] Read more
Sask. extends greenfeed seeding deadline
Livestock producers in parched areas of Saskatchewan now have until mid-month to seed insured acres to cereal greenfeed. The federal and provincial governments on Thursday announced an extension of Saskatchewan Crop Insurance Corp.’s deadline for seeding greenfeed to July 15, from June 30. Producers signed up for crop insurance will now be able to seed […] Read more
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