AgriStability, the whole farm, business risk management program has been in place for Canadian farmers for 16 years. In that time, it’s been maligned and criticized, and it continues to be subject to an ongoing tug-of-war between federal and provincial politicians. But with a new ag policy framework to be unveiled for 2023, changes to the… Read More
Farmers Edge has announced the creation of DigiAg Risk Management Inc., a subsidiary of Farmers Edge. This new unit will provide farmers across Canada with parametric insurance products, risk transfer solutions, and group benefits, the company says. DigiAg is the sole managing general agency (MGA) with access to proprietary, field-centric datasets coming directly from broadacre… Read More
Editor’s note: This story and headline were updated after the provincial government published its letter responding to APAS. The Agricultural Producers Association of Saskatchewan (APAS) and the provincial government are disagreeing publicly over the province linking drought-induced crop insurance payments with its deficit for 2021. The Saskatchewan government reported a projected record $2.7 billion deficit in… Read More
The Canadian Crop Hail Association says despite reduced overall storm activity, more damaging storms resulted in a near-record level of hail insurance payments to farmers in Western Canada in 2021. With harvest wrapped up across the Prairies, the CCHA says payments totalled more than $322 million — the highest level since 2008. Premiums paid by… Read More
The current drought is testing the current ag policy framework system, with multiple provinces recently requesting AgriRecovery. A timely report on how ag policy is developed between federal, provincial, and territorial governments in the past, present, and future, may shed light on the problems with the current system, in time for the next framework to… Read More
Drought is having a substantial effect on grain farming and ranching on the Prairies, and recently Saskatchewan Crop Insurance Corporation (SCIC) made changes to how disaster-affected crops can be diverted to help ranchers with their grazing needs. “The dry conditions are certainly having an impact, and I’d say it’s primarily on the west side of… Read More
Following a tour of the drought-stricken Interlake region in Manitoba on Thursday (July 22), the federal agriculture minister announced several measures designed to provide support to producers across the country affected by drought. Minister Marie-Claude Bibeau was accompanied by other government officials, including Conservative MP James Bezan, and representatives from Manitoba Beef Producers, the Canadian… Read More
Farmers in Alberta will see a significant reduction in their crop insurance premiums for the 2021 growing season. Announced January 25 by the Alberta government and the Agricultural Financial Services Corporation (AFSC), a 20 per cent reduction will save farmers more than $55 million on their crop insurance premiums this year. Minister of Alberta Agriculture… Read More
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