Mar. 25, 2013, Regina, SK - Saskatchewan producers are reminded the deadline to enrol in Crop Insurance or make changes to their current contract is March 31.
The 2013 Crop Insurance Program includes record funding of $198 million, up from $177 million in 2012, and an increase in funding of 91 per cent since 2007. Coverage levels are a record $194 per acre on average, up from $174 per acre in 2012 and more than double the coverage offered in 2007.
New in 2013, the Crop Insurance Program includes:
- Increased yields for hard red spring wheat, hard white spring wheat and oats as part of the yield trending formula;
- Increased Establishment Benefit values for field peas, canola and identity-preserved canola; and
- Expansion of the insurable area for soybeans and the Corn Heat Unit Program.
Producers continue to have the option to supplement the Unseeded Acreage Benefit of $70 per eligible acre by purchasing either $15 or $30 per acre in additional coverage, for up to $100 per eligible acre.
With record coverage and continued Crop Insurance enhancements, there will be no ad-hoc AgriRecovery Program for weather-related disasters in 2013.
Producers are encouraged to contact their local Crop Insurance office about how program features and options, such as the Unseeded Acreage Buy-Up Option, can help meet their risk management needs.
The deadline for customers to apply for, make changes to or cancel a Crop Insurance contract is March 31, 2013. Detailed program and contract information is available at any Crop Insurance office, at www.saskcropinsurance.com or by calling 1-888-935-0000.
March 25, 2013 By Gov't of Saskatchewan News Release