News From SCIC
The deadline to file post-harvest claims, submit production declarations and/or request an extension of insurance is November 15. According to Saskatchewan Agriculture’s weekly Crop Report as of October 28, 90 per cent of Saskatchewan crops are harvested.
Saskatchewan producers are entering fall with uncertainty about their livestock operations. Due to the impacts of a dry summer, high feed costs and potential for a lengthy fall/winter feeding season, their breakeven point and risk levels are unclear. The Saskatchewan Crop Insurance Corporation (SCIC) would like to remind producers they can reduce the risk of market uncertainty and protect the value of their cattle with The Livestock Price Insurance Program (LPI). In the past five years, over $12.7 million has been paid in claims through LPI.
With the 2019 spring calving underway, there is continued uncertainty among Saskatchewan cattle producers due to the impacts of the extreme cold winter, high feed costs and potential of another dry growing season. The Saskatchewan Crop Insurance Corporation (SCIC) would like to remind producers they can reduce the risk of market uncertainty and protect the value of their cattle with The Livestock Price Insurance Program (LPI).
Today, federal Agriculture and Agri-Food Minister Lawrence MacAulay and Saskatchewan Agriculture Minister David Marit announced enhancements to the 2019 Crop Insurance Program. Once again, Saskatchewan producers can access the highest coverage in program history as the Crop Insurance Program evolves and continues to adapt to the changing agricultural landscape in the province.