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Tag Archives livestock insurance

Livestock, News, Other

Technology offers a little more insurance

More evidence means more chance for a successful MASC predation claim

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Some of the technology offered by the Manitoba Beef Producers to prevent predation may also give farmers a better chance of a payout for a loss. The three-year project is currently field testing different mitigation strategies on livestock predation, including GPS tracking technology and game cameras. Janine Wilmot, wildlife conflict biologist and member of the
Livestock price insurance a hard sell
Livestock, News

Livestock price insurance a hard sell

Producers say it’s too expensive, too complex and lacks the supports seen in the crops sector

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Despite current market uncertainty, cattle producers remain reluctant to buy price insurance. About 10 per cent of calves in Manitoba are insured annually under the Western Livestock Price Insurance Program (WLPIP), said David Van Deynze, vice-president of innovation and product support with MASC. By comparison, about 90 per cent of annual crop acres are insured. WLPIP began in Alberta in 2009 and came to
Livestock insurance premiums have since come down, though not to pre-COVID levels.
Livestock, News

WLPIP premiums won’t be subsidized, says ag-minister Pedersen

Deadline for producers to buy policies extended by three weeks

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The province will not subsidize price insurance premiums for beef producers ag minister Blaine Pedersen has said. Western Livestock Price Insurance (WLPIP) premiums have come down since Manitoba Beef Producers asked the province for help, Pedersen added. “Premiums change every week, and that’s something that producers need to keep on,” Pedersen told the Co-operator on
Scott Moe discusses plans to lift the PST off insurance premiums in a Canadian Taxpayers Federation video. (CTF video screengrab via YouTube)
Weather

Saskatchewan pulls sales tax off farm insurance

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Saskatchewan’s provincial government has reinstated a provincial sales tax (PST) exemption for agriculture, health and life insurance premiums. Premier Scott Moe on Monday announced the exemption will take effect retroactive to Aug. 1 last year, when the PST was first applied to insurance. The province said the exemption will include PST on premiums paid for
canola field in bloom
Crops, Local news

Average Manitoba 2017 crop insurance coverage up, premiums down

AgriInsurance covers 90 per cent of annual crops seed in this province

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AgriInsurance coverage in Manitoba is expected to exceed $2.6 billion this year — the second-highest level on record — on 9.6 million acres of land, Agriculture Minister Ralph Eichler said Jan. 17 while speaking here at Ag Days. While coverage is increasing an average seven per cent, premium rates are down an average of four
cattle in a pasture
Livestock, Local news

Livestock Insurance Program goes offline

The Western Livestock Insurance Program makes adjustments to be more user friendly to those without Internet access

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Manitoba livestock producers are getting new offline options to sign up for price insurance coverage. Until recently the only way to buy a Western Livestock Price Insurance Program (WLPIP) policy was to go on the Internet, activate an account through an online portal and buy a policy online, paying with a credit card. Now that’s
Cash a barrier for hedging hogs
Hogs, Livestock

Cash a barrier for hedging hogs

Pork producers have received federal funding to find ways of making the futures market less risky

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The Canadian Pork Council is exploring the possibility of using forward pricing programs as a risk management tool, but are concerned not all producers will have enough on-hand cash needed for hedging. “With hedging, you need to have cash for the calls and so on, security money,” explained council chairman and Manitoba producer Rick Bergmann.
Livestock, News

Cattle Insurance In The Works

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The Manitoba government has set aside $200,000 for a livestock insurance pilot program for the province’s cattle producers. The allocation is hidden in the 2011-12 provincial budget brought down April 12 by Finance Minister Rosann Wowchuk. TheCo-operatorlearned about it during briefings by Treasury Board officials in a media lockup prior to Wowchuk’s budget speech in
Crops, Forages, Livestock, News

Pasture Days Insurance Enters Second Year

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Wet weather limited Dane Guignion’s ability to harvest hay last summer – and the time his cattle spent grazing on pasture. Guignion had crop insurance contracts for both hay production and days on pasture. He didn’t get paid for the first one. He did for the second. The reason? The hay was there but Guignion
Hogs, Livestock, News

Pork Package Creates Livestock Insurance Precedent

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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

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