Just a reminder that Alberta farmers can start to calculate the October prices used in variable price benefit, spring price endorsement and revenue insurance. Will only go into the details of how done if asked. Won't get into exact numbers (AFSC will come out with those shortly). Can provide early ideas however.
No spring price endorsement payments.
No revenue insurance payouts on grain. October prices above RI price. Canola likely to payout for about $10/tonne under RI (not a lot of dollars but will pay for some of the SPE premium).
If you are in a crop insurance claim situation, you coverage levels will increase to reflect the October price in the major grains/canola (haven't worked through the pulse/other crops). Most crops are well above the 10% trigger.
No spring price endorsement payments.
No revenue insurance payouts on grain. October prices above RI price. Canola likely to payout for about $10/tonne under RI (not a lot of dollars but will pay for some of the SPE premium).
If you are in a crop insurance claim situation, you coverage levels will increase to reflect the October price in the major grains/canola (haven't worked through the pulse/other crops). Most crops are well above the 10% trigger.