The announcement was made from Federal Agriculture and Agri-Food Minister Marie-Claude Bibeau and Saskatchewan Agriculture Minister David Marit on Monday morning. In particular, there are two major enhancements coming for this year’s program.
Starting this year, Crop Insurance customers will see an individual premium calculated for each crop they insure.
According to the province’s news release, this adjustment from the base premium rate is calculated for each customer, and independently for each insured crop.
The premium discounts and surcharges used previously in the Crop Insurance Program will be discontinued.
Also for 2023, SCIC is increasing maximum dollar coverage levels of the Unseeded Acreage feature.
The province states that while minimum coverage remains at $50 per acre, additional Unseeded Acreage coverage levels increase to $75, $100 and $125 per acre. This coverage is included with all multi-peril Crop Insurance coverage and offsets costs associated with summer fallow acres that are too wet to seed due to excessive spring moisture.
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