Sask crop insurance isnt insurance. It's a tax.

[Klause]

1.3 billion dollars of accumulated farmers money is currently floating the sask government.


Just let that sink in.


Farmers that lost their whole livelihood last fall were told to use private insurance.


Down south where it was too dry for crops to germinate they were given their premiums back basically and told to take a hike


I wonder if everyone would be this quiet if the NDP was doing it.


This started about 10 years ago when Wall got in. Saw an opportunity and starting taking.


If shit hit the fan do you really think the sask goverent could afford to give that 1.3 billion back?

And why are we getting less interest than what the sask government pays on it's bonds.

[the big wheel]

And where would the entire province be if the facts of this came out and they didn't misuse our money.

Just think all the big oil revenue and 1.3 billion of farmers money. Farmers that many are struggling to keep afloat and they're parading around how good they are??

Where we fk is apas? Wheat growers?
Pulse growers? On and on.

[HITTGrapevine]

Drought years.


Thousands of claims denied for "did not establish".


This doesn't exist in Ab or MB.


And today this gem: http://www.cbc.ca/beta/news/canada/saskatchewan/sask-budget-update-deficit-1.4558983 http://www.cbc.ca/beta/news/canada/saskatchewan/sask-budget-update-deficit-1.4558983




$1,347,230 - as of March 31st what is "owed to SCIC from the general revenue fund"



Why is this not getting talked about ffks?

Just a guess but I'd say it's the same reason why Saskatchewan's other Crown Corp's aren't operated on a break-even basis.

[farmaholic]

Don't be fooled !

You got to March 31 to cancel !

The same deadline I have to sign up.

Crop Insurance is a sure bet in Sask, best ROI in the Slum of the Ghetto, even better than fertilizer!

[farmaholic]

A sure bet ! sask crop insurance and fertilizer !

You can't lose !

Crop insurance, fertilizer and $2000-$3500/ac land in Sask.....guaranteed success! No wonder everybody wants to farm here!

[farmaholic]

INTO THE CROP INSURANCE ANALYSIS THIS MORNING, AGAIN!!!!!

Ya right, online brochure says premiums are 60/40 shared, Gov/Grower respectively.....

So my canola premium/ac is $24.17 base price @ 80% coverage. (0% experience/low claims discount)

Therefore they are insinuating the total premium cost/ac is $60.42 of which they(Gov) are paying $36.25.....

Ya right.......

[farming101]

Seems high....
Different risk zone...
Yield coverage?

[farmaholic]

Seems high....
Different risk zone...
Yield coverage?

Risk zone 7 , G class soil(we have some worse than that)

Area yield, 39.3, used 80% coverage. As mentioned 0% premium discount for the Sandbox farmer from the Slum of the Ghetto.

What am I doing wrong?

Any thoughts ?

[farming101]

Working off 6.1% premium at 80% coverage with no experience discount factored in here

Unless risk zone difference changes things a lot should be:

39.3X.8=31.44
31.44X10.55=331.69
331.69X.061=20.23

I see zone 7 is .074%. Your calculation looks right

[farmaholic]

Working off 6.1% premium at 80% coverage with no experience discount factored in here

Unless risk zone difference changes things a lot should be:

39.3X.8=31.44
31.44X10.55=331.69
331.69X.061=20.23

Premium to coverage ratio on my example is 7.3%.