LETHBRIDGE – A hog price insurance program should be available to Alberta pork producers next spring.Administered by Alberta Financial Services Corporation, the province plans to offer a program similar to what is available to cattle producers, said Ron Geitz of Alberta Agriculture. The program is customized for the Alberta hog market and will allow producers to buy insurance based on increments of 100 kilograms of pork. If the cash price drops below a certain target level a payout is triggered. Premiums are still under development he told an Alberta Pork zone meeting held in Lethbridge Nov. 12.”The premiums are probably going to be pretty steep because it comes down to the volatility of the market,” he said. The more volatile the market, the more the premiums might cost.”On the other side, if you have more risks in your business, you are going to have payouts more often,” he said.
Alberta to offer hog price insurance program
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