Canada - Will You Be Needing Forage Insurance in 2016?

31.03.2016 454 views
This year producers have access to a higher level of forage coverage. Insured prices are up more than 30 per cent when compared to 2015 and forage establishment coverage has increased from $55 per acre to $70 per acre. Over the years SCIC has worked diligently with producers and industry organizations to build an effective forage insurance program for hay, pastureland and greenfeed. This consultation was instrumental in changes to the pricing options that producers have for their forage insurance. Producers expressed concern over restrictions on how forage insurance prices can reach a maximum, even though the market may still be rising dramatically due to uncontrollable factors. For 2016 producers who choose the Variable Price Option or In-Season Price Option, when they select their forage insurance coverage, will no longer have a cap on the maximum value for the forage insurance price. If the market price for hay rises over the course of the year, as it did in 2015, producers selecting these two pricing options will see the full price increase reflected in their forage claim. SCIC continues to provide additional choices and options for forage insurance. Producers who do not want to use the In-Season or Variable Price Options can continue with the traditional multi-peril forage insurance where producers can select 50, 60, 70 or 80 per cent coverage on the forecasted forage insurance price. There are a number of other forage insurance options producers can consider for their farm. The Forage Rainfall Insurance Program (FRIP) offers insurance on native and tame grazing acres. This program protects pastureland in the event that seasonal precipitation is below the long term average. This program is based on historical weather data pulled from 131 weather stations located across the province. Producers do not have to register a claim. Claims are triggered when the April to July seasonal precipitation falls below the long term normal for the selected station based on monthly weightings selected by the producer. Indemnities worth $5.4 million were paid to 94 per cent of customers who participated in FRIP in 2015 due to the dry conditions throughout April and May. The Forage Establishment Benefit Option is available to protect newly seeded forage acres intended for hay, grazing or seed production against the risk of an establishment failure. This stand-alone option is not linked to any yield-loss insurance. This option can also be selected for forage acres seeded between October 15 and June 20; however, acres grazed in the year of seeding are not eligible for coverage. Alfalfa seed may be insured under a specific yield-loss option available through SCIC’s Multi-Peril Program; however, red clover, rye grass, millet and other forage seed crops are eligible for coverage through the Diversification Option. The Forage Diversification Option is available for any forage feed crops that are not insurable under the basic forage insurance program. This is an area yield program. Coverage and claim calculations are based on insured barley acres in the producer’s risk zone. Since 2000, the Forage Insurance Program has paid $2.32 for every dollar of customer premium collected. The program is designed to provide disaster relief when producers need it most. In 2015, tame hay forage claims averaged $40 per acre for $3 average premium. Source - saskcropinsurance.com
02.04.2026

USA - Court rejects crop insurance tech vendor's emergency bid to block USDA rule

The federal agency had greenlit the business model three times before reversing course.

02.04.2026

Ukraine plans to expand crop insurance program

The state crop insurance program in Ukraine is planned to be gradually scaled up and expanded to cover a wider range of crops. This was announced by the Minister of Economy, Environment and Agriculture Taras Vysotskyi, as reported by Latifundist.

02.04.2026

Indian hailstorms damage 14,809 hectares of grapes, pomegranates, and onions

Unseasonal rain and hailstorms have affected agricultural production in Baglan taluka, India, impacting multiple crops and farm operations. The event has affected 14,809 hectares (36,586 acres) of farmland and approximately 19,550 farmers.

02.04.2026

UNDP Partners with ATI to Build Sustainable Agricultural Insurance Systems in Tanzania

The United Nations Development Programme (UNDP), in partnership with the Association of Tanzania Insurers, has launched a new Technical Assistance initiative to strengthen agricultural insurance in Tanzania. 

02.04.2026

Kenya introduces invoice financing for fresh produce sector

Avenews, an agri-fintech company, and the Fresh Produce Consortium of Kenya have announced a partnership aimed at addressing cash flow constraints in Kenya's fresh produce sector.

02.04.2026

Romania ranks 1st in EU for sunflower; Agricultural crop production rises across all crops in 2025

Plant-based agricultural production increased in 2025 across all major crops, particularly due to higher yields per hectare, while the cultivated area expanded for most crops, according to provisional data published by the National Institute of Statistics (INS).

01.04.2026

India - Hailstorm damage: Lad orders crop survey, relief for farmers

Labour minister Santosh S Lad on Wednesday directed officials to complete the survey of agricultural and horticultural crops damaged by an unexpected hailstorm in villages across Kalghatagi taluk and other parts of the district and submit the report at the earliest to facilitate relief to farmers as per norms.

01.04.2026

USA - Stray Voltage Case Raises Legal and Insurance Questions for Dairy Producers

Farm legal expert Roger McEowen highlights the legal challenges surrounding stray voltage, a recent court decision, and what it means for agricultural producers.