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Crops, News

KAP Explores Weather-Indexed Production Insurance

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“I guess it really boils down to kind of a philosophical discussion over who should be delivering crop insurance.” – NEIL HAMILTON If Manitoba farmers could’ve insured against a killing frost occurring in late August, many would’ve, suspects Keystone Agricultural Producers (KAP) president Ian Wishart. Fortunately, the frost held off and disaster was averted. Farmers
News

Hail Damage Seen Below Average

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Manitoba’s farms saw “relatively light” hail damage during the 2009 growing season, with a near-average number of claims but total hail insurance payouts “well below average.” The Canadian Crop Hail Association, a Prairie hail insurers’ group, last week pegged Manitoba’s total hail insurance payouts for the 2009 season at just $12.2 million, spread over 2,650
News

Insurance Available For Empty Hog Barns

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Pork producers who want to idle their hog barns until market conditions improve can now get insurance designed especially for empty facilities. Lakeview Insurance Brokers Ltd., together with five insurance companies, have developed an insurance package to cover hog barns while they stand vacant. It became available this week. The package will accommodate farmers enrolled
Beef cattle, Livestock, News

Manitoba Holds Back On Cattle Price Insurance

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“We want all producers to have equal access to programs across Canada.” – JOE BOUCHARD, MCPA The Manitoba government is in no hurry to follow Alberta’s recent lead in providing price insurance for cattle producers. The province will wait to see how the new Alberta program works out before even considering a similar one, said
News

$21.5 Million Excess Moisture Claims

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“A lot of those farmers are still suffering from excess moisture from last summer.” – CRAIG THOMSON Manitoba farmers couldn’t seed 420,000 acres this spring to annual crops due to excess moisture, triggering $21.5 million in crop insurance payouts Agriculture Minister Rosann Wowchuk announced July 16. That’s the third-highest number of acres unseeded because of
News

Pirates Affect Insurance Rates

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The attempted hijacking of a U. S. flagged vessel off Somalia has not raised the cost of shipping grain and food to the region, but insurance rates have been rising due to piracy, shipping sources said April 13. “Historically, piracy has not been a problem for the large vessels, but now in this area it
Livestock, Other livestock

Bluetongue Insurance Now Available For 2009

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Bluetongue insurance for 2009 is now available to all Canadian sheep producers. The voluntary program provides affordable insurance coverage for mortality, business interruption and consequential losses due to bluetongue – an insect-borne viral disease of sheep and other livestock. Producers have until June 30, 2009 to apply for the annual coverage, which supplements funding available
Other

Province’s hail claims above average

Manitoba farmers filed over 3,500 insurance claims for hail damage during the 2008 growing season, which according to the Canadian Crop Hail Association is above the province’s five-year average. Manitobans can expect about $16 million in paid-out claims for the $46 million they paid in premiums, making their average payout per claim “much lower” than

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