Farmers enrolled in crop insurance can do just as well financially when they have a horrible crop or no crop at all, compared to when they have a below average crop
Tag Archives AgriInsurance
Governments offer aid to drought-affected Manitoba livestock producers
Manitoba and the federal governement are teaming up to support Manitoba livestock producers who are being hit hard by drought conditions.
Programs available to help producers mitigate farm risk
Being a farmer isn’t for the faint of heart. The different daily risks can be overwhelming, from market fluctuations, political uncertainties and changing consumer preferences to the all-consuming weather. Many farming practices such as crop rotations, herd health practices, crop insurance and forward contracts have been implemented to mitigate risks. As part of the core […] Read more
Rainfall insurance pays out
Record payments were made to producers who participated in the Saskatchewan forage rainfall insurance program this year. The governments of Saskatchewan and Canada announced Sept. 5 that $60.4 million was paid in 17 forage risk zones. Most payments were made in the southwest and west central parts of the province after drier than normal conditions. […] Read more
New option could make AgriStability simpler
Changes could be coming for AgriStability participants after agriculture ministers agreed to an optional new model at their annual meeting in Fredericton. Federal agriculture minister Marie-Claude Bibeau said this should make the program simpler and more responsive. Few details are available, but provinces could choose to use a cash or accrual accounting method, she said […] Read more
