crop insurance Archives - Page 3 of 32

Manitoba producers now have new options to insure multi-species forage mixes.

Multi-species forage gets insurance safety net

A long ingredient list no longer necessarily precludes that greenfeed recipe from being insured

By Alexis Stockford March 2, 2022

Producers will have a few new options when it comes to forage insurance in 2022. The Manitoba Agricultural Services Corporation (MASC) has added or expanded two programs geared towards producers diversifying their annual forage. Why it matters: Two new or expanded forage insurance options will be on offer this year for producers looking to mix

Crops, Weather

Saskatchewan forage rainfall insurance to adjust for hot spells

SCIC also expanding crop roster for contract price option

By Dave Bedard, GFM Network News February 23, 2022

Saskatchewan forage and corn growers whose crops are insured against below-normal rainfall can expect a beneficial bump starting this year if those crops get cooked in high heat. The Saskatchewan and federal governments on Tuesday announced details for their 2022 crop insurance program — under which average coverage is expected to reach $405 per acre,

Jeff Veenstra grows vegetables on Wild Earth Farms near Birds Hill Park, northeast of Winnipeg.

Farmit Manitoba

Acreage requirement drop for veggie insurance first step for small-scale farmers

Move shows MASC is listening to call for scale-appropriate BRMs, says Direct Farm Manitoba

By Geralyn Wichers February 15, 2022

A drop in acreage required to insure vegetable crops has opened a door for smaller-scale and direct-marketing farmers. “This has really changed our ability to be insured quite significantly,” said Jeff Veenstra who farms northeast of Winnipeg. On January 25, the province announced it would reduce the minimum required acres for vegetable acreage loss insurance

Editorial, Op/Ed, Other

Editor’s Take: The countdown on the next farm policy review begins

By Gord Gilmour February 10, 2022

The next national agricultural policy framework will take effect April 1, 2023. That gives the federal, provincial and territorial agriculture ministers just over a year to make the new rules that will govern countless aspects of your business’s financial life. That’s not much time to get them right. One of the biggest bones of contention

A restoration company vehicle sits in a flooded field at Abbotsford, B.C. on Nov. 30, 2021. (Photo: Reuters/Jennifer Gauthier)

Weather

AgriRecovery underway for flood-battered B.C. farms

Feds, province put up $228 million

By Dave Bedard, GFM Network News February 8, 2022

The federal and British Columbia governments’ response to last fall’s destructive flooding now includes what’s said to be the biggest farm disaster recovery package in the province’s history. Provincial Agriculture Minister Lana Popham and her federal counterpart Marie-Claude Bibeau on Monday announced cost-shared funding of $228 million for the Canada-B.C. Flood Recovery for Food Security

News

Crop insurance figures growing fast

High crop prices now mean record coverage for the 2022, while last year’s drought will trigger record payouts on the 2021 crop

By Allan Dawson February 3, 2022

Crop insurance figures keep getting bigger. The 2021 group season will generate around $650 million in payouts due to low yields during the drought. And the resulting higher prices will mean that is followed by a record $4.66 billion in crop insurance coverage for the 2022 growing season. That $4.66 billion in coverage is based

Crops, News, Other

Worst crop in 15 years not bad financially for some

Good prices and good crop insurance coverage helped

By Allan Dawson February 3, 2022

Warren McCutcheon is too young to recall much about the 1988 drought, but based on stories he’s heard, he suspects a combination of factors resulted in many Manitoba farmers faring better after the 2021 drought. The 1988 drought, dubbed at the time ‘the worst since the Dirty ’30s,’ triggered $790 million ($1.57 billion in today’s

File photo of an Ontario cherry orchard. (UpdogDesigns/iStock/Getty Images)

Crops

Ontario to extend labour-related crop loss coverage

Losses due to COVID-19-related labour disruptions covered

By Dave Bedard, GFM Network News January 12, 2022

A temporary crop insurance expansion that covers Ontario farms against crop losses due to “on-farm labour disruptions” caused by COVID-19 will be held over for yet another year. Agricorp, the province’s farm program delivery agency, announced in late December the feature first introduced in 2020 will be included again in 2022, at the same coverage

Manitoba farmers found a very variable yield picture during harvest this year, and now many are concerned about the elevated risk higher prices and input costs will bring next year.

Crops, News

A very variable harvest: Manitoba’s hit-and-miss season

With crop input prices rising, farmers face even more risk when they seed next year

By Allan Dawson October 28, 2021

When it’s all said and done, the past production season is going to feature a few success stories and a whole lot of hard-luck tales. Manitoba’s 2021 crop and hay production will clearly be below average when all the data is compiled later this year, says Keystone Agricultural Producers’ (KAP) president Bill Campbell. “Overall in

“Even prices for 2022 are 25 per cent less than they are today, but they are still much, much higher than they were last year.” – Warren McCutcheon

News, Other

Will crop insurance values reflect jump in crop prices?

Values set for 2021, before the market rally, are inadequate in today’s environment, some say

By Allan Dawson October 8, 2021

After close to a year of high grain prices, Warren McCutcheon expects they should be reflected in the crop values used to calculate crop insurance payouts in 2022. “We’ve seen these prices sustained here for almost a year now so if crop insurance comes out with $4.50 corn and $8 wheat guys are going to

Daily Network News

U.S. Supreme Court to hear Bayer’s bid to curb Roundup cases

Canada-China roundup: Producer groups applaud tariff relief; pork left out; mix of criticism and praise from Trump administration

Opinion: Is a closer trade relationship with China a security risk?

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