Canada - Will You Be Needing Forage Insurance in 2016?

31.03.2016 557 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
22.06.2026

USA - Frost and temperature swings threaten Maine wild blueberry crop

Wild blueberry growers in Maine are assessing the impact of late spring frosts following sharp temperature fluctuations that affected production areas across the state.

22.06.2026

Cyprus to receive €4.6 million in EU aid for drought-hit farmers

European Commission releases agricultural reserve funding to help producers recover from weather-related losses.

22.06.2026

USA - Delaware expands deer damage assistance program as farmers face growing crop losses

Delaware farmers say deer are taking an increasing bite out of their bottom line this growing season, prompting state officials to expand assistance programs aimed at reducing crop damage.

22.06.2026

Brazil - Interest rate cut proposed to boost crop insurance

Agriculture Ministry wants to discuss with the government’s economic team a proposal to lower interest rates on operating loans for farmers who purchase insurance policies.

22.06.2026

Sri Lanka - Monkey census data pending, crop losses continue

Plantation Industries Ministry Secretary Gunadasa Amarasinghe says the ministry has not yet received the findings of the monkey census conducted recently at a cost of approximately Rs. 3.9 million.

22.06.2026

Indonesia - Jasindo Syariah’s At Yaltha: RI’s agri‑insurance potential is big

Sharia agricultural insurance is considered to have a strategic role not only in protecting farmers from the risk of crop failure, but also in strengthening food security and the national Islamic financial ecosystem.

21.06.2026

Italy - 60% less damage after luring tuta absoluta, and sucking them away

A field trial conducted by the Italian "Giorgio Nicoli" Agriculture and Environment Centre demonstrated that MO-EL Turbitrap 3700 light traps can significantly reduce damage from the tomato leafminer (Tuta absoluta) in greenhouse tomato production.