The last cheques from the Gross Revenue Insurance Plan were expected to be mailed to 30,000 Alberta farmers by mid-February.
Farmers will share $21 million left in the account as surplus money, said officials with Alberta Agriculture. The money represents farmers’ share of the difference between premiums paid into the program and claims paid out since GRIP started in 1991.
Alberta ended its participation in 1995.
There is also extra money left from government contributions to GRIP. Those funds have been earmarked for Alberta’s safety net package which includes a value-added initiative, crop insurance, and the Farm Income Disaster Program.
