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Highest Crop Insurance Coverage in Program History Offered to Saskatchewan Producers in 2016
February 25, 2016 – Melville, Saskatchewan
Today, federal Agriculture and Agri-Food Minister Lawrence MacAulay and Saskatchewan Agriculture Minister Lyle Stewart announced details of the 2016 Crop Insurance Program. Saskatchewan producers will have access to the highest coverage in program history as well as expanded options for growing fababeans, Khorasan wheat and forage.
Producers are encouraged to contact their local Crop Insurance office and review their coverage. The range of program features and choices is extensive and Saskatchewan Crop Insurance Corporation (SCIC) wants to ensure producers have the best insurance for their farm. Changes, renewals or new applications for a Crop Insurance contract need to be made by March 31, 2016. Producers who prefer to do their business online are encouraged to use CropConnect where reviewing coverage, options and making selections can be conducted from their computer or mobile device. Detailed program and contract information is available at any local Crop Insurance office, at www.saskcropinsurance.com or by calling 1-888-935-0000.
AgriInsurance (Crop Insurance) is a Business Risk Management program supported through Growing Forward 2. Under Crop Insurance, premiums for most programs are shared 40 per cent by participating producers, 36 per cent by the Government of Canada and 24 per cent by the Government of Saskatchewan. Administrative expenses are fully-funded by governments, 60 per cent by Canada and 40 per cent by Saskatchewan.
"Crop Insurance provides affordable insurance protection for farmers looking to reduce the financial impact of crop losses. The Government of Canada is committed to working with provincial governments to provide effective Business Risk Management programs that will help farmers in managing risk due to severe market volatility and disaster situations."
- Federal Minister of Agriculture and Agri-Food Lawrence MacAulay
"The Crop Insurance Program continues to be a major part of Saskatchewan farmers' risk protection and is one of the key reasons why agriculture continues to be a driver of the provincial economy. Since 2008, when this government completed a review of the Crop Insurance Program, continual improvements have been made to ensure it remains relevant and effective for producers.- Saskatchewan Agriculture Minister Lyle Stewart
"One of Saskatchewan Pulse Growers (SPG) goals is to have at least one pulse crop available for every acre of land in the province. By expanding the insurable acres for fababeans the Crop Insurance Program is helping to manage risk for farmers as we try to expand the acreage of fababeans in Saskatchewan."- Corey Loessin, SPG Vice-Chair
"Removing the cap on coverage for forage is a significant step. Conditions last spring reminded us how important it is to have effective coverage, especially as forage costs continue to increase. We're also facing the very real possibility of drought in the coming months. When weather turns against us, we see prices for hay multiply. This change to forage insurance will make the program more meaningful and responsive to cattle producers."- Ryan Beierbach, Saskatchewan Cattlemen's Association Chair
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