Tag Archives: crop insurance

Crop insurance premiums see massive hike

Farmers were surprised and disappointed to note in the Alberta government’s Budget 2023 an impending hike of 60% for crop insurance to raise the “fund balance back to levels recommended by actuarial evaluations,” says Global News. The explanation is that the value of crops has risen, so the amount of coverage needed has also risen. …

Hard Year for Alberta Farmers May Mean Higher Crop Insurance Premiums Next Year

A cool, wet summer followed by an early snow in Alberta has left several farmers scrambling to get their crops harvested. Many are calling it a “disastrous” year, according to the Canadian Press. It’s the first time in decades that some farmers may have to leave hundreds of thousands of dollars of crops underneath the…