SASK CROP INSURANCE 07

[charliep]

In reading, it would appear Saskatchewan varible price option does not have a trigger (in Alberta, prices have to increase by more than 10 % to trigger a the variable price benefit). Any increase in prices will increase coverage.

In a volatile market (likely the case this summer), the Saskatchewan variable price optins is likely money well spent is you take crop insurance.

[SASKFARMER3]

karmical your wisdom is like two of my neighbors!
Their auction sales were last spring for one and the other is this year.
Why because they thought like you that no insurance was better than having insurance. They used the same theory that their fathers never took any insurance and they could survive. Well guess what their GONE!!!! Yes their fathers from 1967 to 2000 had no DISASTER but from 2002 to 2005 WE had Frost (nothing to harvest) drought 03 then 04 Frost (nothing in any crop all gone) then flood in 05 that most of the farm never was seeded. So if you came through the same thing then you can talk but if you haven't then think what your saying.
As for Government in SASK the NDP has never been their for their own they only care about one thing keeping in power and years ago they gave up on Rural Saskatchewan.
Insurance is up to individuals but if its the only help in town for a disaster (CASIP is not) then you have to use it.

[wd9]

2 challenges for Sask in crop insurance.

1. Would be to get some revenue insurance on those covered bushels at an affordable rate to the farmer. Basically an affordable, CI aggregated, and subsidized put option on the insured value.

2. To get a higher sharing percentage from the federal government due to its tax base and number of farmers.

Do any of you know of any initiatives moving forward to address these issues?

[FarmRanger]

It depends on your situation S3, sorry to hear caisp hasn’t worked for you and crop insurance has, but for my farm it’s the opposite.

I take the 60% coverage crop insurance for the hail rider. (With the 30% Alberta gov’t payment, it’s cheaper than straight hail). I’ve paid more into the crop insurance portion than I’ve ever taken out over the years, and that’s not including the government portion of the premium. They’ve made money on me.

Maybe by the time I retire, my coverage will climb enough that the 70% coverage they tell me I’m getting is actually 70%. In the meantime, I’m paying out money to get future higher coverage and lower premiums.

Sure I might get the disaster you speak of, but caisp has effectively acted as my production insurance, while CI has only provided a portion of hail insurance at cheaper rates. And yes, in 2005, we had a huge production reduction. Caisp paid well, crop insurance payment was 0.

I’d like to see a system where those subsidies that go toward my crop insurance premium are held in an account, together with the premiums I pay. When I get a reduction in production, let me take that money out.

[SASKFARMER3]

Their is work in place on a disaster program but the provinces think CASIP is working just great. ASK ANY FARMER THEIR OPINION ON THAT ONE>

Crop insurance with hail kept the hail company's more honest which is good.
seemed every time you had a hail claim the adjuster always wanted to know how the crop insurance guy did and then they went just a little bit better.

Karmicle your from Humboldt and you never had frost or floods HM must be growing some new specialty crop with lights in a quonset for extra cash or just living on daddy's money.

[SASKFARMER3]

Farmranger you have one thing over the people in Saskatchewan.
CASIP is handled by the same department as your insurance so one person works on your file all year.
In this province their is incompetence with Federal staff handling CASIP, its a separate department out of Winnipeg then transferred to Regina then appeals are handled in Winnipeg then back to local in saskatchewan then its dropped because no one knows whats going on.
Ill take the Alberta system any day over ours.