Details of the 2016 Crop Insurance Program have been announced.
The Crop Insurance budget for 2016 is $166 million. On average, coverage levels are increasing to a record $216 per acre, up from $183 per acre in 2015.
The improved coverage is a result of better forecasted crop prices and increased long-term yields.
Due to an increase in coverage, the premium per acre is going up slightly to an average of $7.84 per acre from $7.06 in 2015.
More enhancements have been introduced for 2016.
The insurable area for fababeans has expanded to include the entire province and insurable yields have increased reflecting, the increased production of this crop.
Insurance for Khorasan wheat has improved as producers can receive individual coverage for their farm. Previously, coverage for this crop was based on area averages.
An Establishment Benefit value of $30 per acre has been added for camelina, in response to the experience growers have gained with this new oilseed crop.
Producers are encouraged to contact their local Crop Insurance office and review their coverage. The range of program features and choices is extensive and the Saskatchewan Crop Insurance Corporation wants to ensure producers have the best insurance for their farm.
Changes, renewals or new applications for a Crop Insurance contract need to be made by March 31, 2016.
Producers who prefer to do their business online are encouraged to use CropConnect where reviewing coverage, options and making selections can be conducted from their computer or mobile device
Detailed program and contract information is available at any local Crop Insurance office, at www.saskcropinsurance.com or by calling 1-888-935-0000.