Glacier FarmMedia – Manitoba farmers will have lower premiums for most insurable crops in 2025, the province announced late last month.
The provincial and federal governments unveiled the 2025 AgriInsurance program at Manitoba Ag Days.
According to a Jan. 22 release, average premiums through the program in Manitoba will fall to $13.01 an acre on average for annual crops. In 2024, that number was $15.43. Corn is also getting an expanded border for risk area 1 this year, while the MASC program will also be “incorporating the grain corn insurance test area as grain corn area 5,” the joint release said Jan. 22.
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“As a farmer for many years, I understand the importance of knowing your coverage and costs as you plan for the next growing season,” Manitoba agriculture minister Ron Kostyshyn said.
“We’re happy to offer coverage at affordable rates for Manitoba farmers through the AgriInsurance program so they can confidently plan for the upcoming crop year.”
There are a few crops with higher AgriInsurance dollar values this year. Flax and field peas are among those.
Those are in the minority. The federal-provincial release pointed to ongoing and expected market price volatility, adding that dollar values for most commodities have slipped, based on market forecasts.
Federal agriculture minister Lawrence MacAulay estimated total AgriInsurance coverage for 2025 at $4.2 billion.
