Sask Crop Insurance

[Sodbuster]

I have a 40 year drag on my averages, which I feel I would be better off in a system like Alberta where they use a 10 year system where they drop off the oldest year. With the advanced genetics and seeding development a 10 year system excels, on the flip side if we were to hit a few dry or frost years then the 40year drag would start to look good.

[blackpowder]

Everyone a little different but.
Last time I "saved" money by over penciling and took 70% I lost 3 times the savings in crop loss.
Here at least everyone 80.

[Old Cowzilla]

I heard both Manitoba and Alberta reduced premiums

Positive

New contract just came in mail my premiums went up a bit but maybe thats just me.

[Sodbuster]

Checked my rates from last year, coverage is up due to higher commodity price and so is my premiums, but rates per a $100 have gone down on so.
2020 wheat @ 80% =$2.37/$100
2021 wheat @80% =$2.33/$100
2020 canola@80% =$2.35/$100
2021 canola @80% =$2.27/$100
So to sum up canola premiums are down 3.5% based on coverage and wheat premiums down 1.5%.

[jazz]

Been using 80% on canola and 50% on wheat and pulses. Canola is just too risky of a crop to go any less. Cereals and pulses a lot less risky now that we are into drier seasons but 6 or 7 yrs ago when we were getting a lot big downpours we were 80% across the board.

SCI gets slammed a lot but thats the most bankable program we have. The feds should torpedo that Agstability program and put the funds into provincial run programs.

[TASFarms]

It took crop insurance till 2018 to figure out how much grain is in a bin. For years before that they always used the standard bushel weight. If your grain is 6 or 7 pounds above in standard bushel weight you get screwed.
@ 80% barley is $12 for 42 bushels/acre. The lowest barley crop I’ve ever had was 83 bushels/acre

[jazz]

It took crop insurance till 2018 to figure out how much grain is in a bin. For years before that they always used the standard bushel weight. If your grain is 6 or 7 pounds above in standard bushel weight you get screwed.
@ 80% barley is $12 for 42 bushels/acre. The lowest barley crop I’ve ever had was 83 bushels/acre

You are thinking of SCI as only production insurance. It does poorly there, but it excels with things like spring flooding, reseeding and establishment claims. I had a quarter eaten off by beatles and was paid to reseed it.

It also acts as a partial hail insurance or windstorm damage as well because on average the production coverages they offer could only be met with that kind of disaster. Lot of guys had late season shelling in standing canola here last yr. Some had swaths that blew.

[LQQKY]

Has anyone used he variable price option in the past and is this the year to use it? Is this what you referred to as July pricing option MacDon?

[therealnorthernf]

has anyone else taken the Whole farm coverage(I'm not sure if that is the right name of it)? My coverage is at about 91% of my personal yield with a cost of 80% coverage..

[blackpowder]

Usually the variable price premium amounts to a very expensive put option.