MarketsFarm — There were almost 1,000 claims for hail damage across the Prairies following a series of storms Sept. 15-20, according to the Canadian Crop Hail Association (CCHA). The CCHA said the most destructive of the storms during that week came on Sept. 17. “There is significant damage from this late–season storm. There was heavy […] Read more
Storms leave close to 1,000 hail claims on Prairies
What you need to know about workers’ compensation in Alberta
The new provincial government plans to allow third-party coverage but for now, the old rules remain in place
Reading Time: 4 minutes For now at least, farm employers still have to have insurance from the Workers Compensation Board of Alberta. But there are benefits that come from WCB coverage, an official with the company told attendees at a recent Alberta Beef Producers meeting. That includes no-fault insurance, said Boris Makale, an insurance specialist with WCB, which is […] Read more
Consider ways to protect against price drops of crops, says analyst
The Spring Price Endorsement offers protection but now has a deductible
Reading Time: < 1 minute There are some changes to the Spring Price Endorsement this year. The Spring Price Endorsement (SPE) is a supplementary election to production insurance at the 60 to 80 per cent coverage level. It provides some protection against a price drop for an insured crop. A spring price is set for each crop during the winter, […] 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
Insurer SGI Canada sets up farm unit
The property and casualty arm of Saskatchewan’s Crown insurance agency has set up a new unit zoned strictly agricultural. SGI Canada — the Regina-based property and casualty insurance provider which operates in tandem with the Saskatchewan Auto Fund, the Crown auto insurer — on Wednesday launched a new Farm Business Unit with “a specialized team […] Read more
Satellite insurance forage survey
Reading Time: < 1 minute Alberta Beef Producers and the Saskatchewan Cattlemen’s Association are conducting a risk management and insurance survey for forage producers to provide information that may be used to design more effective insurance and risk management tools for forage producers. This includes hay, grass, alfalfa, native pasture, and improved pasture. The survey can be found at www.surveymonkey.com/r/foragesatellite […] Read more
Saskatchewan cuts farm fuel tax exemptions in budget
“Purple gas” is about to become a quaint old figure of speech for Saskatchewan farmers as the provincial tax exemption for bulk gasoline for farm use ends April 1. The provincial government on Wednesday rolled out a budget designed to dial back the province’s reliance on resource revenue in the face of slumping markets for […] Read more
CCGA cash advance applications out early
Among other changes to the program, applications are available earlier this year for spring cash advances through the Canadian Canola Growers Association (CCGA). The CCGA on Thursday announced it’s now accepting applications for the 2017-18 advance payments program (APP), which offers cash advances on 45 different crop and livestock commodities. The CCGA is the administrative […] Read more
Agristability application window closing
Deadline for applications is April 30
Reading Time: < 1 minute The deadline for enrolling in AgriStability is just days away. “AgriStability provides ‘whole-farm’ coverage for all commodities and perils that are not necessarily covered through other forms of insurance. Coverage is specific to your farm operation,” said Norm Gueutal, AFSC team co-ordinator, adding the program is a low-cost way to manage risk. “Fees are based on […] 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
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
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