News From SCIC

The federal and provincial governments have agreed to increase the 2020 AgriStability interim benefit payment percentage from 50 per cent to 75 per cent for Saskatchewan producers.

Today, Saskatchewan Agriculture Minister David Marit announced the AgriStability enrollment deadline for the 2020 program year has been extended without penalty to July 3, 2020.

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.

The deadline to enrol in AgriStability for the 2019 program year is July 2, 2019.