The Federal-Provincial program paid out over $60.4 million for this year with the majority of those payments going to producers in the southwest and west central regions.
The Federal Minister of Agriculture and Agri-Food, Lawrence MacAulay says this record high level of payments to producers is a testament to the need for, and value of, the AgriInsurance Program.
"While producers face ongoing risks related to climate change and extreme weather events, the support of Business Risk Management programs provides some level of stability against income and production loss."
Agriculture Minister David Marit says this is additional cash flow to participating Crop Insurance customers, in reaction to the dry conditions. Click here to see more...