News From SCIC
The Livestock Price Insurance Program (LPI) rebate will be extended to December 31, 2020. The LPI rebate was implemented by the Government of Saskatchewan in response to increased market volatility related to COVID-19.
Calf Price Insurance Purchasing Hours Extended to 10:00 am. Friday, June 19, 2020
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.