Insurance Archives - Page 6 of 14 - Manitoba Co-operator

Five years lost as farmers wait for better default protection on grain sales

Leaving feed mills exempt from coverage under existing licensing and bonding leaves farmers vulnerable to losses

By Doug Chorney September 23, 2014

In 2009, western Canadian farm groups submitted a report to the Honourable Gerry Ritz, minister of Agriculture and Agri-Food Canada, outlining options for a program that would provide security to producers when grain buyers defaulted on payments. The main options were fund-based, insurance-based or bond-based programs. It was not that there wasn’t already a form

Crops, News

EMI payments close to $63 million on 985,000 acres too wet to seed

The deadline for selecting fields for Excess Moisture Insurance coverage in 2015 is this Nov. 30

By Allan Dawson August 29, 2014

Manitoba farmers were paid almost $63 million under Excess Moisture Insurance (EMI) on 985,000 acres reported as too wet to seed this spring. “It’s a little less than what we were estimating before we had all the data keyed in and got the actual calculations done,” Craig Thomson, Manitoba Agricultural Services Corporation’s (MASC) vice-president of

Chief commissioner Elwin Hermanson says the CGC and Atradius Credit Insurance couldn’t develop an insurance-based protection plan. The CGC will consider options, but in the meantime the current plan remains in place. photo: allan dawson

Cereals, News

Grain commission bonding replacement plan stalls

Insurance industry rules make it difficult to protect farmer payments for delivered grain

By Allan Dawson August 8, 2014

After a year of negotiations to develop an insurance-based producer payment protection plan, the Canadian Grain Commission has called it quits, surprising and disappointing some farm groups. The CGC has been attempting to replace the current bonding system to protect farmers against payment defaults for grain delivered to merchandisers. It had been negotiating with Atradius

Souris River flooding north of Melita, Man.

Crops, Local news

KAP still pushing AgriRecovery

The Manitoba and Saskatchewan governments say they’re still assessing the damage

By Allan Dawson August 1, 2014

Keystone Agricultural Producers (KAP) continues to build a case for an AgriRecovery program to assist Manitoba farmers who couldn’t seed or lost crops due to flooding or excessive moisture this season. “We’re continuing to engage as many members as we can to get information and provide supporting rationale for a program,” KAP president Doug Chorney

Opinion

Difficult questions

July 11, 2014

The short-term questions arising from what is shaping up to be another billion-dollar-plus flood for the province are clear, although they may not be easily answered. How do you care for livestock that has no pasture and for which there is vastly reduced prospects for winter feed? Or how to get people back into their

Crops

CGC’s new farmer payment protection program delayed

The new insurance scheme will provide 45 days of protection after farmers deliver their grain

By Allan Dawson April 7, 2014

It’s taking longer than expected to roll out the Canadian Grain Commission’s (CGC) new insurance program to protect farmers against payment defaults by grain companies. But farmers need not worry because the current security program will continue until the new one is ready to go, Jim Smolik, the CGC’s assistant chief commissioner told Winter Cereals

Beef cattle, Livestock, News

Manitoba joins the livestock price insurance club

New livestock price insurance program will run as a pilot program for four years,  then be assessed for effectiveness

By Shannon VanRaes February 26, 2014

In a move that surprised no one, the provincial government formally announced Manitoba will take part in the newly created Western Livestock Price Insurance Program last week. The province’s intention to create a livestock insurance program for hog and beef producers was outlined in last November’s speech from the throne, and representatives from Manitoba Agriculture,

Opinion

New U.S. Farm Bill fails to tackle big issues

It’s not a near miracle, not amazing and not very reforming

By Alan Guebert February 18, 2014

House Ag Committee chairman Frank Lucas, a fast talker by birth and trade, spared few superlatives when describing, in a telephone press conference Jan. 28, the finally finished, modestly named Agricultural Act of 2014. “Historic in many ways,” Lucas said of the pending law as he shared the call with his Senate counterpart, Debbie Stabenow,

The future of the 850 cattle at the Brandon Research Centre is uncertain.  Photo: Laura Rance

Beef cattle, Forages, Hogs, Livestock, News

Price insurance for livestock on its way

By Shannon VanRaes November 14, 2013

There’s been no official announcement, but commodity groups say price insurance for livestock producers will soon be a reality

Price volatility could soon be a thing of the past for Manitoba’s beef producers, if a proposed livestock price insurance program comes to fruition. The insurance plan could be announced within weeks, said Cam Dahl, general manager of the Manitoba Beef Producers. “I’m very hopeful that there will be an announcement made very soon,” said

Crops, Weather

Crop insurance changes discussed at KAP meeting

By Allan Dawson April 26, 2013

Changes coming to Excess Moisture Insurance (EMI) are aimed at reducing “moral hazard” that could undermine the program’s integrity. “It just seemed from our experience there was a disproportionate amount of land coming into our program in wet years than there was in dry years,” David Van Deynze, the Manitoba Agricultural Services Corporation’s (MASC) manager

Daily Network News

U.S. livestock: Cattle futures turn lower

U.S. grains: Soy futures dip as traders await China sales; corn, wheat sag

Seeds Canada announces Dan Wright as new CEO

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