Saskatchewan Crop Insurance
Res #: 3-23A
Number: 3
Year: 2023
Midterm: No
Expired: No
Responses Received: Yes
Departments: Saskatchewan Ministry of Agriculture
WHEREAS with input costs being significantly higher, producers should have the option to purchase additional
coverage.
BE IT RESOLVED that SARM lobby the provincial government to amend the Saskatchewan Crop Insurance Corporation Policy to allow for increased coverage up to 90% without the restriction of bundling crops.
Responses From: Saskatchewan Ministry of Agriculture
May 3, 2023
The current maximum coverage level for individual crop coverage is 80 per cent. Producers can get up to 90 per cent coverage (depending upon the crop mix and corresponding level of risk) under the Crop Averaging Program by insuring their crops in a basket. Premium costs rise dramatically as coverage level increases, due to the increased likelihood of indemnity payments. With the existing coverage levels, dollar coverage under the 2023 Crop Insurance Program will reach a record level. The average dollar coverage is projected to be $446 per acre in 2023-24. This compares to $405 per acre in 2022-23.
The Honourable David Marit – Minister of Agriculture
