Funds’ Commodity Holdings Could Hit $500 Billion

Commodity investments could near half a trillion dollars by the end of 2011 as the return of $100 oil and a broad-based rally heighten interest in the asset class to levels not seen since 2008. But the wave of money now hitting commodities is more sophisticated and discerning than its predecessor three years ago. Investors

Pork Package Creates Livestock Insurance Precedent

Aproposed model to insure pork producers against death losses in their herds could be a long-awaited breakthrough for livestock production insurance in Canada. The Canadian Swine Health Board hopes to have an all-peril mortality insurance product ready for producers in 2011. The package would cover death losses from disease, fire, equipment failure, adverse weather or


Throne Speech Hints At Livestock Insurance

Avague promise about livestock insurance in last week’s throne speech has Manitoba cattle producers hoping it’s the kind of insurance they have on their wish list. Producers want to insure for price, not production, said Major Jay Fox, Manitoba Beef Producers president. MBP favours a voluntary program with a guaranteed level of protection against sudden

Cmemap Pays $40.5 Million In Manitoba

About 1.74 million acres or nearly two per cent of Manitoba cropland was either too wet to seed this spring or the seeded crops drowned, the Manitoba Agr icultural Services Corporation says. The losses prompted $40.5 million in payments to farmers under the Canada-Manitoba Excess Moisture Assistance Program (CMEMAP). “We had applications from all areas


Masc Hail Premium Rebate Coming

The Manitoba Agricultural Services Corporation is refunding $669,000 to 1,400 farmers after reviewing its policy on how to treat drowned-out acres for which farmers had purchased hail insurance. The change means farmers will get half their MASC hail insurance premium refunded on acres enrolled in the Canada- Manitoba Excess Moisture Assistance Program (CMEMAP). “Early in

KAP Protests Flood Aid Deductible

Manitoba farmers are crying foul over a five per cent deductible on a $30-an-acre payment to compensate producers for flooded cropland this spring. Producers say it’s unfair that they have to pay a deductible when farmers in Saskatchewan and Alberta do not. Keystone Agricultural Producers passed a resolution at last week’s general council meeting protesting



New Forecasting System Needed – for Sep. 9, 2010

Asia’s heavy monsoons, a record heat wave in Russia and severe droughts in Africa show the need for new yardsticks to rate extreme weather to guide everybody from road builders to insurance companies, a UN expert said Aug. 13. Scales exist to measure the power of hurricanes or air quality, but there are none to


No MASC Hail Coverage On CMEMAP Acres – for Aug. 26, 2010

Some farmers who have drowned acres are upset they aren’t also eligible for the hail coverage they purchased through the Manitoba Agricultural Services Corporation. Crops where Manitoba farmers have claimed $30 an acre under the Canada-Manitoba Excess Moisture Assistance Program (CMEMAP) aren’t eligible for hail coverage through the Mani toba Agr icul tural Services Corporation

Moisture Money Flows – for Aug. 12, 2010

Manitoba Agricultural Services Corporation (MASC) has paid more than $27.5 million in excess moisture insurance claims under the Agri Insurance program as a result of the extreme wet weather this spring, Agriculture, Food and Rural Initiatives Minister Stan Struthers said Aug. 9. “This payment is the second highest in the history of the Excess Moisture