Farms.com Home   News

Manitoba crop insurance coverage is expected to increase in 2023

Agriculture Minister Derek Johnson says the costs and risks relating to farming continue to climb.

As a result total AgriInsurance coverage for this year is expected to reach $5.3 billion, up from the $4.7 billion projected last spring.

That puts the average coverage at an estimated $560 per acre, up from $499 per acre for 2022. 

The increase in coverage reflects the projected strength in commodity prices for 2023.

Johnson says the province is increasing its AgriInsurance support because having adequate coverage is now, more than ever, important in helping manage risk.

Additional program enhancements for the 2023 growing season include:

Expanding the Contract Price Option (CPO) to be available for the majority of crops (including the corresponding pedigreed and organic crop if applicable), excluding  potatoes, vegetables, and forages. 

Click here to see more...

Trending Video

Bumper Crops: Bale Grazing, Winter Grazing

Video: Bumper Crops: Bale Grazing, Winter Grazing

Dale Goss, Grass Fed Beef Farm, LLC, tells Michael Geissinger about his experience beginning bale grazing during winter.