Sask Crop Insurance

[jamesb]

To those in Sask Crop Insurance: What level are you taking this year?
I have usually picked different levels from 50 - 70 % coverage because of price. As dry as it is I am thinking we will up all to 70 % at least. Do many of you take 80% ? We have hardly ever had a yield claim, have used too wet or reseed benefit in the past in the flood years.

[Guest]

80% on all except oats and barley
It’s good coverage for what it costs
2.1% for us on canola

[SASKFARMER]

Depends on most years 70% but this year 80% looks like for us.


Works.

[Sodbuster]

80% on everything, if you have been almost claim free over the years it doesn’t amount to too much with a 50% reduction in premiums.

[SASKFARMER]

I agree the discount is good.

New guys coming on board arent as lucky, but that stops the one year in one out crowd.

It's a money maker for the province.

[Dr Tone]

80% oil seeds and pulse.
70% cereal.

We long since lost our discount because of mother nature. Apparently things completely out of our control make us shitty farmers.

That said if it wasn't for crop insurance and working 1-2 different jobs our farm would have been on Ritchie Brothers already.

[Sodbuster]

Thank god for individual yields if we were still doing area averages like they did in the past I would no longer be in crop insurance. That was the best thing SCIS ever done for us, now if we could talk them into 10 year averages instead of the life of your contract average that would be another plus.

[SASKFARMER]

Yea life time yields suck because for us throw in 2002 frost and 2004 frost all early august.

[macdon02]

70% this year, next year im taking the july pricing option with 80%

[Freightshaker]

Thank god for individual yields if we were still doing area averages like they did in the past I would no longer be in crop insurance. That was the best thing SCIS ever done for us, now if we could talk them into 10 year averages instead of the life of your contract average that would be another plus.

It’s kinda a goofy formula where they take 90% of your previous individual average then add 10% from the most recent year. I honestly don’t know if thats how its always been? But this way it does account for whats happening as of late.

If you’ve had 10 really good years, your individual average will be “much” better than a 40 year contract average, but will “slightly” lag a 10 year average.

Any recent crop failures say in 2010, or 2020 will drag down the individual average much more than crop failures 20 years ago.