Changes to AFSC’s insurance products for 2023

Feb 01, 2023

The changes include a move to monthly payments for Moisture Deficiency Insurance, an increase in the reseeding benefit compensation rate, the addition of bear predation (hive and bees) to the Wildlife Damage Compensation Program, increased coverage for Straight Hail Insurance and the cancellation of Satellite Yield Insurance.

“Agriculture in Alberta is a multi-billion-dollar industry and one of the driving forces of our economy,” said Nate Horner, Minister of Agriculture and Irrigation. “Producers need affordable and effective risk management options to give them peace of mind and support them as our agriculture sector grows and diversifies. These adjustments give producers more flexibility to react and respond to emerging challenges and opportunities.”

“We are making these changes to ensure we continue to meet the needs of Alberta’s hardworking farmers and ranchers,” explained Darryl Kay, AFSC’s Chief Executive Officer. “This year’s enhancements ensure our programs reflect and respond to the risks faced by producers and give them the tools to respond to those risks.”

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Video: Home Grown Ontario Tulips

Ontario’s flower sector is blooming ??

With more than $1 billion in farmgate sales and over $650 million in annual exports—much of it centred in the Niagara region—Ontario growers are a major force in Canada’s floriculture industry. In fact, the province produces roughly 50% of all flowers grown in the country, serving a market of over 100 million consumers within a one-day drive.

It’s a powerful example of how strategic location, cross-border access, and strong production capacity come together to support both local agriculture and global markets ??

?? Watch as Andrew Morse, Executive Director of Flowers Canada, shares insights and the full story behind Ontario’s tulip industry and its thriving flower sector.