News From SCIC

Calf Price Insurance Purchasing Hours Extended to 10:00 am. Friday, June 19, 2020

On behalf of the Saskatchewan Crop Insurance Corporation (SCIC), I want to personally let you know how we are responding to the unprecedented challenges associated with COVID-19. As a Treasury Board Crown Corporation under the Ministry of Agriculture, SCIC is following the recent direction from the Government of Saskatchewan.

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).