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
Insurer SGI Canada sets up farm unit
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?
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
Saskatchewan cuts farm fuel tax exemptions in budget
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
CCGA cash advance applications out early
Reading Time: < 1 minute 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
Compare and consider income replacement insurance
During their careers, one in three Canadians will be sidelined for 90 days or more by injury or disease. Are you prepared?
Reading Time: 8 minutes Most farmers insure their buildings, vehicles, equipment and other farm assets. Many insure their crops and livestock. Increasingly, farmers also use risk management strategies to insure a price they will receive for the commodities they sell. However, few farmers insure what may be the biggest risk to the farm; the inability for the farmer to […] Read more
Advance payment program widened, streamlined
Reading Time: 2 minutes More types of livestock will be eligible and more types of security will be allowed for Canadian farmers to get federally-backed advance payments starting this year. Amendments to the Agricultural Marketing Programs Act (AMPA), made last February as part of the former Conservative government’s omnibus Agricultural Growth Act, have made regulatory changes possible for the […] Read more
Weather derivatives to mitigate weather risk to crops
These new risk-management contracts are finally getting easier to price and evaluate
Reading Time: 5 minutes Agriculture may be the most weather-impacted industry on the planet — by far — but it isn’t the only industry that’s affected by the vagaries of temperature and rain. It’s estimated that a third of the United States’ GDP and 70 per cent of firms in the United Kingdom are also exposed to weather risk. […] Read more
A message from April Stewart, Country Guide's Associate Editor
