GFM Network News

Hail fears lessens for growing projects

Hail fears lessens for growing projects

Reading Time: < 1 minute Hail will be a little less of a threat this year for Canadian Foodgrains Bank growing projects. Alberta Financial Services Corporation is donating the first $80 an acre of hail insurance for every growing project in the province. There are 35 growing projects in Alberta this year and having hail insurance “provides a great sense […] Read more

File photo of stormy conditions over Alberta fields. (Larry Stickney/iStock/Getty Images)

Alberta’s AFSC to refund hail premiums on drowned crops

Agency taking applications until Sept. 11

Grain growers in Alberta’s Peace, northeastern and northwestern farming regions whose waterlogged crops are deemed “non-viable” can now file for full refunds on AFSC hail insurance premiums. AFSC, the province’s Agriculture Financial Services Corporation, announced Wednesday it will accept such applications from eligible growers from now until Sept. 11. Applications will be available online through […] Read more

Scott Moe discusses plans to lift the PST off insurance premiums in a Canadian Taxpayers Federation video. (CTF video screengrab via YouTube)

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

What started as a potential drought year has instead produced 
a never-ending stream of hailstorms.

It may not be a record but this year’s hail damage will be close

The great white combine has been decimating crops across most of 
the province and adjusters are struggling to keep up with claims

Reading Time: 3 minutes Increased hailstorms across Alberta have crushed many crops, and hail claims are soaring this year. “We’re trending to be similar to 2012, which was the record claim year,” said Nikki Booth, communications manager with the Agriculture Financial Services Corporation. “At this point in time, it’s looking like we will not be as high as 2012, […] Read more