“Farmers across Saskatchewan continue to step up despite all the challenges thrown their way during the COVID-19 pandemic,” Bibeau said in a release. “These improvements to the Crop Insurance Program give Saskatchewan farmers more coverage they can count on. We will continue working with our provincial counterparts to ensure farmers have the risk management tools to help their stability and growth.” Asked if the COVID-19 pandemic had an impact on crop insurance, Harpauer said, “None.” “For over 60 years, the Crop Insurance Program has supported Saskatchewan producers with reliable coverage and exceptional customer service,” Harpauer said. “We are committed to providing producers with the insurance programs they need and the enhancements announced today build upon the current suite of programs.”
Crop Insurance coverage, rates going up, but premium cost declining
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Crop Insurance coverage, rates going up, but premium cost declining
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REGINA The federal and provincial governments announced changes to the 2021 Crop Insurance Program on Tuesday. According to the province, crop insurance coverage will reach a record level due to higher commodity prices and increased yield coverage. Coverage will increase 22 per cent, from $224 per acre in 2020 to $273 per acre in 2021. “The changes introduced to the Crop Insurance Program today, will continue to build on previous program enhancements,” Deputy Premier Donna Harpauer said. The province said there has been a 42 per cent reduction in average premium cost per dollar of coverage over the past 10 years, including a 20 per cent reduction from the financial position of the program.