Alberta Methodology for Calculating Crop Insurance Prices for the Variable Price Benefit and Spring

[charliep]

Looking for comment on the fall price calculation for the Variable Price Benefit and Spring Price Endorsement.

1) Do you understand the process for calculating the fall crop insurance values?

2) Should AFSC/Crop Insurance extend the period over which the average prices are calculated (eg. Aug. to Nov.)? Thoughts on the time period?

3) Do the reference markets in the calculations make sense? Converted MGE price for wheat? US bean markets? A reference price for feed peas? Thoughts on basis/adjustment process for feed oats that would relate to the CBT oat futures price?

[charliep]

Just to add some interest, the following link provides the Alberta payout values for the spring price endorsement.

[charliep]

To quick on the trigger.

http://www.afsc.ca/NR/rdonlyres/eiiltxftstxldei4gieyg4fqkr2fmqrkarjst4s2lr3fatzjdl wgwy4pktx26wmawkkw5rtb3zu75lulmogiqcobk3a/2003 Crop Insurance Final Commercial Fall Market Prices.pdf

[TOM4CWB]

CHarlie;

I am glad that a reasonable payout is in the works, and this risk management tool will pay some bills on our farm.

Thankyou to you and the Alberta gov.(through AFSC) for offering this risk management tool this year, In the largest part it has fairly been implemented... thanks for your hard work in putting this package together!

[TOM4CWB]

Charlie;

Too bad the tax payers and farmers in Alberta must pay for CWB mistakes... a good fair CWB marketing risk management plan last winter could have been implemented, at a much lower cost to everyone.

But if the CWB had done that, cheap livestock feed would not have been avaliable this summer and fall... it is clear who is on the bottom of the food chain in Agriculture in Western Canada!

GRAIN FARMERS!

Supply management/domestic millers use cost of production as the base of pricing for their producers and mills... and as long as low cost feed stocks are avaliable, Supply Managed and CWB human consumption products will be competitive... when full feed/food prices are paid, consumers will object to the higher bread, chicken, turkey, milk and egg prices, and supply management/CWB control will end in Canada very likely.

No wonder why it is so hard to end CWB SIngle Desk pricing policy, to price discount grain from Western Canada to make the Industrial Agricultural Complex a low cost feed benefit at very low cost to Canadian COnsumers!

Most gov's in Canada need the lowest grain price to be the law in Canada, and are willing to jail Alberta farmers to keep it this way!

All the best for the AB gov looking to create market choice, you are certainly going to be in for a big FIGHT!

A distorted economy built on the back of slaves (grain farmers) is not good for anyone,

IT IS Good to see Ab Ag and the AB GOV are trying to do the right thing!