News Release - February 24, 2011
RECORD BUDGET AND COVERAGE FOR 2011 CROP INSURANCE PROGRAM
Today, Federal Agriculture Minister Gerry Ritz and Saskatchewan Agriculture Minister Bob Bjornerud announced the 2011 Saskatchewan Crop Insurance Program, which includes record provincial funding, record coverage levels, an enhanced Unseeded Acreage Benefit and other program improvements.
"Crop Insurance is the first line of defence against risk for Saskatchewan farmers," said Ritz. "Our government is pleased to work with the Province of Saskatchewan to improve this stable, bankable and predictable program for producers."
"We are continually working to improve the Crop Insurance Program for producers," Bjornerud said. "The increased coverage and new program enhancements will help producers better protect their crops against risks, such as excess moisture."
Coverage levels are increasing by $42 per acre to $173 per acre, on average, up from $131 per acre in 2010. This is the highest average Crop Insurance coverage ever offered. The 2011 Provincial Crop Insurance budget is a record high $161 million.
In 2011, the Unseeded Acreage Benefit will increase from $50 to $70 per eligible acre. The seeding intensity calculation has also been revised to help producers facing excess moisture challenges.
For young producers beginning a new contract, it will now be easier to transfer yields and premium discounts earned by family members of the same farming operation. This will allow many young producers to have immediate access to improved coverage and reduced premiums based on their family farming history, as opposed to the previous method of using area averages.
The 2011 Crop Insurance Program also includes: increased Establishment Benefit values for large green lentils, canola and identity-preserved canola; an enhanced forage insurance program; and an expanded number of crops eligible for the Crop Averaging Program.
"After last year's record rainfall, we are pleased to see an increased Unseeded Acreage Benefit," SARM President David Marit said. "This, along with record high coverage levels and other program improvements, will help address the needs of Saskatchewan producers."
"Livestock producers depend on forage production to maintain their herds and the improved forage insurance program will help them better guard against risk," Saskatchewan Cattlemen's Association Chair Jack Hextall said.
"Canola is a major crop in Saskatchewan and vital to the success of many producers' operations," SaskCanola Chairman Brett Halstead said. "We are pleased to see increased establishment values for canola, an increase in coverage levels and other program improvements that will benefit canola producers."
"We are pleased Crop Insurance continues to make improvements to the program to help pulse producers manage their risks," Saskatchewan Pulse Growers Chair Murray Purcell said. "Increased Unseeded Acreage Benefits, coverage levels, and establishment values are important steps to helping our producers and industry continue to grow in Saskatchewan."
The deadline for customers to apply for, make changes to or cancel their Crop Insurance contract is March 31, 2011. Detailed program and contract information is also available at any Crop Insurance office, at www.saskcropinsurance.com or by calling 1-888-935-0000.
For more information, contact:
2011 CI Background.pdf (15.4 KB)