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Tag Archives agriinsurance

Crops, Weather

Alberta crop insurer taps reserve to cut premiums

AFSC to pare premiums by 20 per cent

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Reading Time: 2 minutes The reserve at Alberta’s Crown crop insurance agency will be tapped to offset the premiums charged to farmers for the 2021 crop year, and possibly for longer. The province’s Agriculture Financial Services Corp. (AFSC) said Monday its farmer customers will get a 20 per cent discount on crop insurance premiums this year — which on […] Read more
General

Ontario extends lost-labour production insurance

COVID-related coverage held over for 2021 program year

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Reading Time: 2 minutes A temporary expansion of Ontario’s AgriInsurance program, to cover losses caused by COVID-19-related short-handedness on the farm, will be held over. The province and federal government on Dec. 22 announced the expansion of coverage will be extended to cover the 2021 program year — and that it will insure production of “additional commodities.” Further details […] Read more
Crops, Fruit/Vegetables

Ontario to insure for crop loss due to lack of labour

AgriInsurance offering hailed as a first in Canada

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Reading Time: 2 minutes Ontario’s federal/provincial AgriInsurance program has been temporarily expanded to include coronavirus-related labour shortages as a covered cause for crop loss. Producers already enrolled in an eligible production insurance plan and hit by crop losses due to labour disruptions during the 2020 growing season will be able to get further insurance coverage, the Ontario and federal […] Read more
Crops

Insurance customers’ contact info dropped into MASC email

Crown crop insurance agency warns of privacy breach

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Reading Time: < 1 minute A contact list of crop insurance customers at Manitoba Agricultural Services Corp. has gone out via email to several dozen of the Crown ag insurance agency’s customers. MASC on Monday said a file containing names and contact information of an unspecified number of AgriInsurance clients was “attached in error” to an email sent last Tuesday […] Read more
General, Markets

COVID-19 aid ‘falls short,’ farm groups warn

Aid package includes AgriRecovery for cattle, hog sectors

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Reading Time: 5 minutes Ottawa — Despite Prime Minister Justin Trudeau saying more money will be provided if needed, the agriculture sector continues to criticize Ottawa’s $252 million in COVID-19-related financial aid offered to producers and processors. “If we have to add more, we will,” said Trudeau, after announcing new funding and programming. The federal government is offering an […] Read more
General, Markets

P.E.I. plans AgriStability top-up, AgriInsurance discount

Province also pledges potato storage funding

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Reading Time: 2 minutes Prince Edward Island’s response to COVID-19 includes plans to pump up its farmers’ coverage level under the federal/provincial AgriStability income stabilization program. The P.E.I. government on Thursday announced a support package for farmers including $8.8 million over two years in additional business risk management (BRM) program funds. That includes paying the provincial portion of the […] Read more
Crops, Forages, Hay, Weather

Hay disaster benefit kicks in for Manitoba growers

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Reading Time: < 1 minute Eligible Manitoba forage growers can expect to share in a $5 million hay disaster benefit (HDB) for the 2019 crop year. Manitoba Agricultural Services Corp. (MASC), the provincial crop insurance agency, announced Friday that the HDB has been activated and benefit payments to eligible forage producers on about 1,500 claims will begin “shortly.” The HDB, […] Read more
Alberta’s crop insurance program includes organic producers for 2019.
Crops

Prairie crop insurance rundown 2019

Despite some problems last year, good yields in previous years have allowed lower premiums or more coverage

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Reading Time: 6 minutes There’s good news on crop insurance for Prairie farmers this year — most premiums are down for 2019. Details were announced by Alberta, Saskatchewan and Manitoba officials earlier this year. Here’s the rundown: Alberta On March 11, Alberta Agriculture and Fores­try Minister Oneil Carlier and Steve Blakely, CEO of Alberta’s Agriculture Financial Services Corporation (AFSC), […] Read more
Guide Business

Business risk management options for Canadian farmers in 2018

Government farm business risk programs are evolving, especially in Quebec

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Reading Time: 7 minutes As farmers know well, risks to financial success in any year are many. Weather, crop and livestock health issues, market factors and spiking input costs are perennial threats, and they are all as large or larger than ever in 2018. It’s why business risk management (BRM) programs are so very important. Federally, AgriStability provides support […] Read more
General

Outside panel named for farm risk management review

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Reading Time: 2 minutes A panel of 11 “external” experts from across the country has been picked to offer guidance and feedback on a federal/provincial review of farm business risk management (BRM) programming. The panel’s appointment follows an agreement by federal, provincial and territorial agriculture ministers back in July to launch a review of BRM programs, assessing those programs’ […] Read more

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