Payment on Account Now Available for Saskatchewan Producers through the Western Livestock Price Insurance Program

Melville, Saskatchewan – federal Agriculture and Agri-Food Minister Lawrence MacAulay and Saskatchewan Agriculture Minister David Marit announced Payment on Account will now be available to livestock producers in Saskatchewan purchasing a policy through the Western Livestock Price Insurance Program (WLPIP).

 

The Saskatchewan Crop Insurance Corporation (SCIC) introduced the Western Livestock Price Insurance Program (WLPIP) to Saskatchewan producers in April 2014. WLPIP gives producers the opportunity to purchase price protection on cattle and hogs, in the form of an insurance policy. When purchasing a policy through WLPIP, Saskatchewan livestock producers can pay their premium up-front, online or in person by cheque at their local SCIC office. With Payment on Account, producers now have until the expiration of their policy to complete their premium payment, subject to interest terms of the purchase.