crop insurance Archives - Page 5 of 32

Net government program payments to Canadian farmers, excluding farmer premiums and money from private programs, totalled $2.4 billion in 2020.

Canadian farm net cash income higher in 2020

Government payouts to farmers went up too, but there’s a good reason

By Allan Dawson June 21, 2021

Canadian — and Manitoba — farmers saw a jump in government program payments in 2020, as well as higher gross revenues and net cash income. Increased government payouts might seem counterintuitive, but much of the money came to farmers through crop insurance and AgriStability due to poor crops in 2019. “Direct program payments rose 10.8

Weather

Saskatchewan to pare school tax mill rate for farmland

EPT mill rates to rise for residential, other properties

By Dave Bedard, GFM Network News April 7, 2021

Saskatchewan’s latest budget taps down the education property tax (EPT) mill rate it sets on farmland, while raising those mill rates on other property classes. The provincial government, in Tuesday’s budget, set the provincewide EPT mill rate on agricultural land for 2021 at 1.36, down slightly from the previous rate of 1.43. EPT mill rates

CBOT May 2021 corn with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets

U.S. grains: Corn, soy, wheat futures ease in setback from surges

Sovecon raises Russian wheat export forecast

By GFM Network News, Tom Polansek March 1, 2021

Chicago | Reuters — U.S. grain and soybean futures eased on Monday in a setback from rallies driven by concerns about tight crop supplies. The markets will likely not decline too sharply, traders said, because of strong demand from China and the need for large global harvests. In corn, speculative bullishness in corn remains near

About 90 per cent of Manitoba’s cultivated acres are covered under AgriInsurance.

News

Insurance coverage up, costs down

Record crop insurance coverage and moderately lower premiums expected in 2021

By Allan Dawson February 18, 2021

Manitoba AgriInsurance coverage is expected to hit a record $3.128 billion this year, while premiums will be moderately lower, says a joint federal-provincial news release. It’s due to a combination of higher crop values and reduced crop insurance payments over time. “There are two pieces of the puzzle,” David Van Deynze, chief product officer with the

AFSC CEO Darryl Kay announced a 20 per cent cut in farmers’ AgriInsurance premiums for the 2021 crop year on Jan. 25. (AFSC video screengrab via YouTube)

Crops, Weather

Alberta crop insurer taps reserve to cut premiums

AFSC to pare premiums by 20 per cent

By Dave Bedard, GFM Network News January 29, 2021

The reserve at Alberta’s Crown crop insurance agency will be tapped to offset the premiums charged to farmers for the 2021 crop year, and possibly for longer. The province’s Agriculture Financial Services Corp. (AFSC) said Monday its farmer customers will get a 20 per cent discount on crop insurance premiums this year — which on

Weather

Manitoba to consolidate and shut agriculture, MASC offices

Province announces 'new rural service delivery model'

By Dave Bedard, GFM Network News January 7, 2021

Updated, Jan. 7 — Manitoba’s agriculture and resource development department and crop insurance and ag lending agency will close their offices in 21 communities and consolidate others this spring, in a bid to reduce their “physical footprint.” Agriculture Minister Blaine Pedersen on Wednesday announced what the province billed as “a new rural service delivery model

Manitoba Agriculture Minister Blaine Pedersen speaks at Ag Days in Brandon on Jan. 21, 2020. (Manitoba Co-operator file photo by Alexis Stockford)

Markets, Weather

AgriStability proposal could have hidden cost, Pedersen warns

Manitoba's ag minister warns Bibeau's plan may hurt crop insurance, AgriInvest funding

By Allan Dawson, GFM Network News December 2, 2020

Ottawa’s proposal for an improved AgriStability program could give farmers short-term gain for long-term pain, Manitoba’s agriculture minister Blaine Pedersen warns. At the online federal-provincial-territorial agriculture ministers’ meeting on Friday, federal Agriculture Minister Marie Claude Bibeau proposed dropping AgriStability’s maximum reference margin, and increasing the compensation rate from 70 to 80 per cent retroactively this

Manitoba producers who use silage can now  get crop insurance, something the Manitoba  Beef Producers has long sought.

Forages, News

Provincial forage AgriInsurance gets upgrade

Livestock producers are getting their wish on how MASC anticipates corn silage yields, among other announcements

By Alexis Stockford November 2, 2020

Livestock producers relying on corn silage will soon be able to lock in insurance based on personal production history. On Oct. 16, Manitoba Agriculture and Resource Development Minister Blaine Pedersen announced individual productivity indexing (IPI) for silage corn, among a list of other feed crop insurance changes incoming for 2021. Until now, MASC has based

A guest looks at their corn cob-themed tie signed by U.S. President Donald Trump during a signing ceremony for the Canada-U.S.-Mexico Agreement (CUSMA) on the South Lawn of the White House in Washington on Jan. 29, 2020. (Photo: Reuters/Leah Millis)

Crops, Markets

Trump’s payments to farmers hit all-time high ahead of election

Canadian growers seek level playing field

By GFM Network News, Mark Weinraub October 19, 2020

Chicago | Reuters — U.S. President Donald Trump is assuring a bumper year for farmers as the Nov. 3 election approaches, with record government subsidies projected to make up more than a third of farm income in 2020. The aid programs could be key to Trump’s chances of success in swing states such as Wisconsin,

News, Other

BRMs slow, complicated, kind of pointless, Manitoba farmers say

By Geralyn Wichers August 29, 2020

PROGRAM | Manitoba farmers weigh in on issues with AgriStability

The way some Manitoba farmers see it, they’d be better off if AgriStability didn’t exist. “AgriStability has never been there for cattle producers or grain producers, and definitely not there for the mixed producers,” said Mitch Janssens, who farms near Boissevain. Earlier this month, Ag Minister Blaine Pedersen said the program, long under fire from

Daily Network News

B.C. ostriches culled, CFIA confirms

U.S. livestock: Cattle, hogs end week on high note

U.S. grains: Soybeans bounce as Chinese demand assessed, wheat drops

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