Saskatchewan Premium Rebate

Government of Saskatchewan announced $10 million in additional funding to help livestock producers manage the impacts of COVID-19 related market disruptions. This support includes $5 million to partially offset higher premium costs under the Western Livestock Price Insurance Program (WLPIP). The provincial government will provide 40 per cent of the increased premium costs, dating back to February 25, 2020. The WLPIP premium rebate has been extended until December 31, 2020. If the livestock market remains stable during this time, the premium rebate will not be offered.

Contact Us

Purchasing Over Phone: WLPIP participants can conduct over the phone purchasing. Payment over the phone includes on account, cheque or online banking (as indicated in WLPIP paper purchase instructions). SCIC cannot accept credit card payments. Simply call 1-888-935-0000 and a knowledgeable SCIC representative will walk through your purchasing procedure.

For more information or to access the WLPIP Portal visit wlpip.ca

WLPIP provides producers with insurance policies and information that reflects market volatility. Sign up is free with no obligation to purchase a policy. Premium tables are available Tuesday, Wednesday and Thursday. Policies can be purchased from 2:00 pm - 5:30 pm MT on the date of the premium table.
 

December 3, 2020 Premium Tables

*As we work through the rebate calculations, posting of tables may be delayed. Thank you for your patience and understanding
 

WLPIP - Fed
Designed to insure finished animals
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WLPIP - Feeder 
Designed to insure feeder cattle weighing 750-950 pounds at policy expiration.
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WLPIP- Calf
Intended to insure calves born in the spring, intended for sale in the fall weighing 550-650 pounds.

**The purchase window for Calf Price Insurance is now closed.**

Rebate Calculation

The WLPIP premium tables reflect the current volatility of the cattle markets. Uncertainty in the markets directly impacts livestock price insurance premiums. COVID-19 and the related interruption in meat processing has impacted commodity markets. This is why premiums have increased significantly since the end of February 2020. The Government of Saskatchewan is providing a rebate of 40 per cent on the premium increase above pre COVID-19 levels.

The Saskatchewan Cattlemen’s Association (SCA) is contributing up to $1 million to partner with the Government of Saskatchewan in offsetting the impact of COVID-19 on Western Livestock Price Insurance Program (WLPIP) premiums. This will offset an additional eight per cent of the COVID-19 impact on premiums. For more information, view the SCA News Release.
 

Calf Price Insurance Extension

The extended deadline to purchase calf price insurance has now passed. If you have any questions, please contact your local SCIC office. 

 

Payment on Account

SCIC encourages participants to take advantage of convenient options like Payment on Account. With Payment on Account, producers have until the expiration of their policy to complete their premium payment. Interest is charged 15 days after the purchase on the outstanding balance and statements are generated monthly. Producers using the Payment on Account option can purchase a policy online or over the phone with an SCIC representative. To avoid paying interest, producers can pay premiums up front, online, by mail or in person.
 

 

New or considering WLPIP?

Supporting livestock producers through the Western Livestock Price Insurance Program

 Read our WLPIP Coordinator’s latest post to learn more about how a policy works, important things to know about WLPIP and helpful tips to optimize your use of the Program.

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