Ontario’s government plans to give itself more latitude to expand its farm production insurance offerings. The province said Wednesday it’s proposing to amend its Crop Insurance Act and grant itself authority to expand production insurance beyond just crops. That authority already is available to every other provincial government in Canada, the province noted. “Giving more […] Read more
Ontario eyes expanding production insurance
Farmers still waiting for better default protection on grain sales
Leaving feed mills exempt from coverage under existing licensing and bonding puts farmers at risk to losses
Reading Time: 3 minutes In 2009, western Canadian farm groups submitted a report to Agriculture Minister Gerry Ritz outlining options for a program to provide security to producers when grain buyers default on payments. The main options were fund-based, insurance-based or bond-based programs. It was not that there wasn’t already a form of protection in place. The Canadian Grain […] Read more
Deadline for insuring crops is April 30
Changes to this year’s program include Straight Hail coverage and lower premiums
Reading Time: 2 minutes Farmers should be thinking of risk management as the April 30 crop insurance deadline approaches, says Agriculture Financial Services Corporation (AFSC). “Most producers will invest $200 to $300 or more per acre into their crops over the growing season, and they don’t want to risk losing that to a hailstorm or some other unexpected weather […] Read more
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