Federal and Sask. governments announce enhancements for 2023 Crop Insurance Program
“We encourage farmers to use risk management tools to help them minimize the economic effects of production losses caused by natural hazards,” said Bibeau.
According to a release, the average coverage for 2023 is at a record-high level of $446 per acre, due to increased commodity prices and yield coverage. With this increased coverage and higher insured prices, the average total premium is $14.79 per acre, an increase from $12.05 in 2022.“Starting in 2023, Crop Insurance customers will see an Individual Premium calculated for each crop they insure,” read the release.
“We appreciate the ongoing commitment to Saskatchewan agriculture,” Saskatchewan Rural Municipality Association President Ray Orb said. “The increases to unseeded acres coverage stands out as an example of SCIC listening and incorporating the concerns of our members.”
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