The rebate offered to Saskatchewan cattle producers enrolled in the Western Livestock Price Insurance Program (WLPIP) will now be available until the end of the calendar year.
The program, originally announced by the Saskatchewan government in May, was created to help livestock producers cope with the significant spike in price insurance premiums, due to the market uncertainty stemming from the COVID-19 pandemic and the related processing plant closures.
The Saskatchewan government kicked in $5 million to offset 40 per cent of the increase in premiums that producers have been facing going back to February 25, 2020, while the Saskatchewan Cattlemen’s Association contributed another $1 million to offset an additional eight per cent.
The rebate offering was set to expire on September 1, but instead, the Saskatchewan Crop Insurance Corporation announced it has been extended to December 31, 2020.
Producers are encouraged to contact their local SCIC office for more information.