Reading Time: 2 minutes The crop planning and risk management software program CropChoice$ has been updated with current crop insurance information from Agricultural Financial Services Corporation along with projected crop costs. “Producers can also adjust individual crop costs and evaluate the effects that different risk management strategies will have on their operation — such as purchasing crop insurance and […] Read more
Updated version of CropChoice$ now available
Program offers profit scenarios for a variety of crops by using different yields and prices
Trump budget proposes steep subsidy cuts to U.S. farmers
Washington | Reuters — U.S. President Donald Trump’s 2020 budget on Monday proposed a 15 per cent cut for the U.S. Department of Agriculture, calling its subsidies to farmers “overly generous” at a time when they are going through the worst crisis in decades because of depressed commodity prices and Trump’s trade tariffs. The Republican […] Read more
Saskatchewan offers up corn rainfall insurance plan
Saskatchewan’s crop insurance offerings for 2019 will include a new program allowing corn growers to insure against a substantial drop in moisture. The provincial and federal government on Feb. 26 rolled out Saskatchewan’s 2019 crop insurance program, in which coverage levels on average are to reach a record $230 per acre, up from $216 last […] Read more
Pulse weekly outlook: Fewer U.S. acres likely due to surplus
CNS Canada — Large crops followed by poor export demand have led to burdensome supplies and cut into pulse prices in the U.S., which should cut into acreage ideas for peas, lentils and chickpeas in 2019, an industry official says. “With the trade issues we’re facing right now, we have quite a surplus,” said Shannon […] Read more
More — but less severe — hailstorms this year
June was the busiest month for hail claims in Alberta but July had the worst ones, says hail insurers
Reading Time: < 1 minute Alberta’s quiet storm activity resulted in below-average hail losses in the province this year. There was an early start to the hail season, with June 9, 14 and 25 being the top three storm dates — producing more than 100 claims and averaging more than $12,000 per claim. However, the most expensive storm dates were […] Read more
Alberta grower groups call for provincial readiness
Reading Time: < 1 minute Alberta’s four crop commissions are calling on the province to be ready to respond promptly to unharvested acre claims. Although harvesting has since resumed, there were about 7.8 million unharvested acres as of Oct. 10. “The conditions at this point in the fall are worse this year than in 2016 when weather caused many acres […] Read more
U.S. House clears farm bill, with major food stamps changes
Washington | Reuters — The U.S. House of Representatives on Thursday approved a massive Republican farm bill with changes to the government food stamps program that make it unlikely to become law in this form. The Senate is considering its own farm bill with no major changes to the Supplemental Nutrition Assistance Program (SNAP) used […] Read more
AFSC lowering crop insurance premiums this year
The provincial crop insurer says it is reducing premiums by an average of eight per cent
Reading Time: < 1 minute Agriculture Financial Services Corporation is lowering crop insurance premiums. “On average, 2018 premium rates for crops are eight per cent lower than they were in 2017,” AFSC said in a news release. “The decrease in premium rates is a reflection of the generally good growing conditions over the past few years, which resulted in positive […] Read more
Saskatchewan pulls sales tax off farm insurance
Saskatchewan’s provincial government has reinstated a provincial sales tax (PST) exemption for agriculture, health and life insurance premiums. Premier Scott Moe on Monday announced the exemption will take effect retroactive to Aug. 1 last year, when the PST was first applied to insurance. The province said the exemption will include PST on premiums paid for […] Read more
Farmers Edge to use data to edge into insurance sector
Farmers Edge has signed a four-year agreement with global reinsurance company PartnerRe to bring precision farming technology together with ag insurance. Under the agreement announced this week, the two companies plan to work together to develop new insurance products for the agricultural market. While Canadian farmers have access to government-run, subsidized crop insurance programs, as […] Read more
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