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Tag Archives insurance

Hogs, Livestock

Manitoba to pilot insurance program against hog disease risks

Pork council study backed with federal, provincial funds

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Reading Time: 3 minutes “Private sector solutions” to manage financial risks caused by disease outbreaks on hog farms are on the drawing board in a new Manitoba-led pilot project that could go nationwide. Coming out of a Thursday morning meeting with hog producers in Winnipeg, federal Agriculture Minister Marie-Claude Bibeau announced $482,158 from the AgriRisk Initiatives (ARI) arm of […] Read more
Crops, Markets

Grains sector backed to develop export rejection insurance

Code of practice for 'sustainable' crops also in works

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Reading Time: 2 minutes The organization representing Canada’s crops sector will get public funding to develop an insurance plan against the “unpredictability” of export customers. Federal Agriculture Minister Marie-Claude Bibeau, speaking Wednesday at the CropConnect conference in Winnipeg, announced over $430,000 for the Canada Grains Council to develop a pilot insurance product for grain exporters. Such an insurance plan […] Read more
Guide Business, Management

Farming in 2030: Managing risk

Innovative insurance companies reveal how on-farm data is leading to next-generation policies that increase liquidity and profitability

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Reading Time: 6 minutes As farming gets ever more expensive and as margins get tighter, there’s less room for error, which means the need for risk management isn’t going away in the next 10 years. What will change, though, is the type of insurance products farmers will be able to buy, with innovations driven primarily by technology and by […] Read more
Crops, Weather

Storms leave close to 1,000 hail claims on Prairies

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Reading Time: < 1 minute 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
This is not an ideal time to question if the insurance policy you bought covers flooding in your home.
Guide Business

My mistakes

I’ll bet I’m not the only farmer to make these costly insurance mistakes. I’m finally learning my lessons. Are you?

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Reading Time: 6 minutes Most magazine articles describe how things should be done. Experts talk about best practices and strategies. We read about the winners and their successes. Yet the most important lessons I have learned came not as a result of emulating what others have done right but rather recognizing and avoiding mistakes I have previously made. Winston […] Read more
Spouses are realizing that farm operations require a much more structured business planning approach.
Guide Business

Between spouses

Formalizing the informal partnership

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Reading Time: 3 minutes Joint ownership between spouses has been a long-standing fixture in the farming community, with each holding equal influence when it comes to making key business decisions. It is widely acknowledged and recognized that spouses are key influencers in business decisions. They have always stood front and centre in financial negotiations, are equal participants in professional […] Read more
Crops, Machinery, Weather

Farmers Edge to use data to edge into insurance sector

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Reading Time: 2 minutes 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
General, Machinery, Weather

Insurer SGI Canada sets up farm unit

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Reading Time: 2 minutes 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
An aerial view of the Van Raay family's corn silo after it collapsed on their farm.
Crops

When a grain silo collapses

This silo collapse raises the question: Do you know what your first step would be in the event of major building failure?

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Reading Time: 5 minutes On November 1 last year, when Martin and Teresa Van Raay’s 100-foot-tall steel silo smashed to the ground, it set off a flurry of activity that involved their suppliers, friends and fellow farmers. In the end, it reinforced their faith in their community’s ability to come together at a time of crisis, but that’s not […] Read more
General, Machinery

Saskatchewan cuts farm fuel tax exemptions in budget

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Reading Time: 4 minutes “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

AgCanadaTV

AGCanadaTV: In Case You Missed It – Your National Ag News Recap for the week ending February 21, 2020.

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