Saskatchewan Program Payments Expected to Total Nearly $2 Billion

Nov 10, 2023

Program payments to Saskatchewan producers for the 2023 growing season could total almost $2 billion, the provincial and federal governments said Thursday.

With approximately 30% of the 2023 Crop Insurance Program claim payouts already paid to producers, forecasts indicate that total program payments may reach $1.85 billion, according to a joint release.

Most producers are eligible for advance payments on claims, allowing money to flow to producers before claims are completely verified. Meanwhile, total Crop Insurance claim payouts could continue to move higher as the deadline for Crop Insurance customers to report their detailed net production and register a claim is not until Nov. 15, 2023.

Dryness and drought plagued portions of Saskatchewan again this year, slashing crop yields and leaving livestock producers with little feed for their herds.

"We recognize it's been another challenging year in some areas of our province," Saskatchewan Agriculture Minister David Marit said.

Source : Syngenta.ca

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