Reinsurer! Saskatchewan Is Full of Shit!

[LWeber]

Funny thing not one of our farm groups is even mentioning this about crop insurance. Call a spade a spade.

I’m a Saskparty supporter and player and I’m calling a spade a spade it is bullshit reporting.

But I’m not representing farmers like our organizations I’m just one stupid farmer showing what bullshit is happening each day in ag.

We need to take our money out of organization that supposedly represent us.

Most are to stupid and it’s hard to Figure out anything more than how to fill in their per diem sheets.

file:///C:/Documents%20and%20Settings/Larry/My%20Documents/Downloads/Annual-Report_2020-21.pdf

17. Contractual obligations and contingencies:
Contractual obligations:
The Corporation is committed to the Saskatchewan Ministry of SaskBuilds and Procurement, a related crown entity, for several leases
for office space with annual payments of $3,283,495. The leases are currently renewable on an annual basis.
Subsequent to March 31, 2021, the Corporation is also committed to other corporations for the purchase of weather data and the lease
of equipment for weather stations around Saskatchewan. Minimum payments of $795,000 are expected for the next fiscal year.
The Corporation entered into a reinsurance contract with Willis Re for the 2021-22 fiscal year. The Corporation is committed for the
crop aggregate excess of loss reinsurance contract for 2021-22. The contract cost is in the range of $25.5 million to a maximum $28.0
million per year based on a projected liability of $7.85 billion. The contract covers indemnities that exceeds 23 per cent of the liability
to a maximum of $431.6 million.
Subsequent to March 31, 2021, the Corporation entered into an agreement with Deloitte Inc. to provide system integrator services
in support of the Corporation’s Enterprise Business Modernization project which includes the implementation of the Oracle Cloud
solution. The contract will end in 2021-22 fiscal year at an estimated cost of $6,860,000.
Contingencies:
Pursuant to the Canadian Agricultural Partnership (CAP);A Federal-Provincial-Territorial Framework Agreement on Agriculture, AgriFood
and Agri-based Products Policy in the event the agreement is terminated and no new agreement is entered into, all tangible
capital assets funded under the agreement shall be disposed of and the proceeds shall be shared by the Government of Saskatchewan -
Ministry of Agriculture and the Government of Canada. As of March 31, 2021, all tangible capital assets owned by the Corporation have
been funded by this agreement.
Various legal actions for additional crop insurance indemnity payments have been initiated against the Corporation. Presently, the
Corporation is actively defending these cases. While the outcome of these claims cannot be determined, management is of the opinion
that the result of these actions will not have a material impact on the Corporation’s financial position.
18. Comparative information
Certain comparative information has been reclassified to conform to the current year’s presentation.

[Spyguy]

We had years of low payouts so the costs for the reinsurance and our premiums were low. But the surplus would also be high if it was left alone. This year once in 50 years would have been covered by that surplus.

I'm a supporter of the sask party but **** boys this is bullshit blaming farmers.

I suppose the 4 billion he is spending on 100 guys with there great irrigation project never had any impact on the books. What a joke. They could have brought natural gas to grain dryers in a big part of the province. Not only that but after 20 or so years the Governent would have received lots of revenue off the gas sold. Now we are at the mercy of propane companies and most of the profit goes to another province.
Great planning guys. Keep that up and the buffalo party will bring you back into line.

[bucket]

I suppose the 4 billion he is spending on 100 guys with there great irrigation project never had any impact on the books. What a joke. They could have brought natural gas to grain dryers in a big part of the province. Not only that but after 20 or so years the Governent would have received lots of revenue off the gas sold. Now we are at the mercy of propane companies and most of the profit goes to another province.
Great planning guys. Keep that up and the buffalo party will bring you back into line.

So glad you brought he irrigation project up and correlated it to gas to dryers..

Here are some facts...

- the 4 billion project will bring in 400000 acres
- that is $10000 per acre to get water to the quarter line no charge to the farmer ( Just the taxpayer )


Wouldn't you like to be able to have gas brought to your farm no charge ?

One other factoid....if all the existing and proposed irrigation acres were seeded to canola they wouldn't fill the demand for the announced expansion of crush plant in the province. They would still be relying on dryland farms to grow canola. But dryland farms receive nothing. Food for thought.

[TASFarms]

Funny thing not one of our farm groups is even mentioning this about crop insurance. Call a spade a spade.

I’m a Saskparty supporter and player and I’m calling a spade a spade it is bullshit reporting.

But I’m not representing farmers like our organizations I’m just one stupid farmer showing what bullshit is happening each day in ag.

We need to take our money out of organization that supposedly represent us.

Most are to stupid and it’s hard to Figure out anything more than how to fill in their per diem sheets.

Apas got told by the Sask govt that they need to do better reporting. Apas claims Sask crop insurance had a 2 billion surplus this spring and that it’s not the farmers fault there is a large claim this year.

[Goodtime]

"The government said it hopes APAS doesn't take provincial support for granted the next time it considers making a statement....." sounds like the government sure takes the rural vote for granted. Wouldn't it be interesting if there was another decent party to vote for.

[CommonCents]

The System is basically farmers insuring farmers the Prov share and Feds is a joke.

60 per cent of the total premium covered by government is a joke?

[bucket]

"The government said it hopes APAS doesn't take provincial support for granted the next time it considers making a statement....." sounds like the government sure takes the rural vote for granted. Wouldn't it be interesting if there was another decent party to vote for.

Sounds a bit like blackmail.

Maybe the saskparty government needs to be reminded that people don't work for them...they work for us .

A bit arrogant for the statements I have read from government. They have definitely lost touch like all governments do....

They gotta go.

[riders2010]

Better be careful we re speaking about
In process future groomed ag ministers!!!
They seem to need training on how to
Make it best look like they’re actually representing
Farmers, when they master the deception
Bingo Saskparty nomination!!!!

[bucket]

Better be careful we re speaking about
In process future groomed ag ministers!!!
They seem to need training on how to
Make it best look like they’re actually representing
Farmers, when they master the deception
Bingo Saskparty nomination!!!!

So true. Read the article about Todd Lewis in the APAS rag. ".....If you do choose put time into it, you’ll get rewarded...."

His personal reward is coming and it will be either a MLA or MP job.

[Guest]

https://www.realagriculture.com/2021/12/apas-concerned-over-government-deficit-claim/

everyone needs to tell their MLA that farmers won't be blackmailed