Federal Agriculture and Agri-Food Minister Lawrence MacAulay and Saskatchewan Agriculture Minister Lyle Stewart announced details of the 2017 Crop Insurance Program. Once again, Saskatchewan producers will have access to the highest coverage in program history as the Crop Insurance Program continues to strengthen and provide effective risk protection for Saskatchewan farmers and ranchers.
鈥淐rop insurance remains the most cost effective tool farmers have to protect their farm business against weather related damage to their crops,鈥� MacAulay said. 鈥淭he Government of Canada is working closely with provinces and territories to ensure producers continue to have access to a comprehensive suite of business risk management programs.鈥�
鈥淢ore than ever, Saskatchewan producers need access to relevant and reliable risk management programming,鈥� Stewart said. 鈥淭he 2017 Crop Insurance Program provides the coverage and options that producers need to effectively protect their farm while providing the flexibility to be innovative and make the best decisions to be successful.鈥�
Crop Insurance is a Business Risk Management program supported through Growing Forward 2. Under Crop Insurance, premiums for most programs are shared 40 per cent by participating producers, 36 per cent by the Government of Canada and 24 per cent by the Government of Saskatchewan. Administrative expenses are fully funded by governments, 60 per cent by Canada and 40 per cent by Saskatchewan.
