Farms.com Home   News

APAS Says It’s Not Fair To Blame Producers For A Provincial Deficit

The Agricultural Producers Association of Saskatchewan is raising concern over the Province's claim that Saskatchewan Crop Insurance Corporation payments caused the provincial deficit in 2021.

According to APAS Saskatchewan Crop Insurance Corporation reported a $2.4 billion surplus for 2020 which was accumulated over previous years, as well as a sizable surplus in the reinsurance fund.

APAS Vice President Ian Boxall says it’s not fair to blame producers for a provincial deficit in a drought year when that surplus gets used up.

Boxall says over the last several years, claims have been lower than premiums, which is why a surplus was built up over time.

He notes if the Crop Insurance surplus had been invested in a dedicated fund, like the SGI Auto Fund, then that money would have been readily available for paying Crop Insurance claims.

Federal and provincial governments are also protected by reinsurance policies that insulate them from the risk of high claim years.

Click here to see more...

Trending Video

Protect Canadian Livestock From FMD

Video: Protect Canadian Livestock From FMD

Foot and Mouth Disease (FMD) is a highly infectious virus that has disastrous consequences for the livestock industry and the population of beef cattle and other cloven-hoofed animals worldwide. Fortunately, Canada has achieved FMD-free status, but everyone must stay vigilant to the risks and be prompt in our response in case of a possible outbreak.

This animated video produced by the Beef Cattle Research Council demonstrates just how important following prevention and quarantine recommendations are for Canadian travelers. The tale of Jennifer and Richard follows two farmers on an excursion overseas to an area known to be infected with Foot and Mouth Disease. The decisions that the two travelers make upon their return to Canada highlig