Saskatchewan farmers will be paying more for crop insurance this year but they will also receive record coverage levels.
The average premium is rising 8.5 per-cent to 8 dollars 51 cents per acre.
Agriculture minister Lyle Stewart says the higher coverage is due to strong crop prices and increased long-term yields.
Crop insurance coverage levels rise one dollar to a record 217 dollars per acre.
Stewart adds the crop establishment benefit rises to 60 dollars an acre for green lentils and up to 40 dollars for other lentils.
The establishment benefit rises to 100 dollars an acre for soybeans.
Payouts from last year’s extremely wet growing season is expected to reach 650 million dollars.
However, the loss is still well below the record payout for drought in 2002 of 1.2 billion dollars.
An estimated 1.3 million acres of crop was left in the field over the winter to be combined this spring.