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Straight Hail Insurance purchase deadline moving to July 31

Producers will notice some changes to AFSC’s Straight Hail Insurance for the 2022 crop year.

Agriculture Financial Services Corporation (AFSC) has moved the purchase deadline to July 31 and will no longer allow producers to insure fields that have already incurred hail damage in the current crop year. These changes move AFSC’s Straight Hail Insurance in line with other insurers.

Producers can purchase Straight Hail Insurance alone or they can auto-elect Straight Hail Insurance as part of their Annual Crop Insurance coverage until April 30. Producers who auto-elect Straight Hail Insurance with their annual coverage will receive a two per cent auto-elect discount.

Manage your insurance through AFSC Connect

Producers can create and save estimates, purchase coverage and report any hail claims through AFSC Connect. Producers who purchase online will receive a two per cent discount on their premium. Clients who pay by the later of June 25 or 15 days of after billing will receive the early payment discount of two per cent.

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Canada reaches tariff deal with China on canola, electric vehicles

Video: Canada reaches tariff deal with China on canola, electric vehicles

Canada has reached a deal with China to increase the limit of imports of Chinese electric vehicles (EVs) in exchange for Beijing dropping tariffs on agricultural products, such as canola, Prime Minister Mark Carney said on Friday.

The tariffs on canola are dropping to 15 per cent starting on March 1. In exchange for dropping duties on agricultural products, Carney is allowing 49,000 Chinese EVs to be exported to Canada.

Carney described it as a “preliminary but landmark” agreement to remove trade barriers and reduce tariffs, part of a broader strategic partnership with China.