Insurance Archives - Page 2 of 4

Wrecked structures float in the water in the aftermath of Hurricane Fiona at Rose Blanche, N.L., about 45 km east of Port aux Basques, on Sept. 25, 2022. (Photo: Reuters/John Morris)

After Fiona, climate experts urge Canada to fix flagship adaptation strategy

By GFM Network News September 28, 2022

Reuters — Canada’s first national climate adaptation strategy needs to be improved to include near-term targets and specific solutions ahead of its November release to mitigate worsening global warming impacts, experts advising the government told Reuters in the wake of devastation caused by storm Fiona. Fiona, one of the worst storms to ever hit Canada, […] Read more

Grain storage at a Russian seaport. (Pridannikov/iStock/Getty Images)

Crops, Markets, Reuters

London marine insurers label all Russian waters high risk

By GFM Network News April 5, 2022

London | Reuters — London’s marine insurance market on Monday added all of Russia’s waters to its list of areas deemed high risk, an advisory showed, which is likely to raise the cost of shipping and adds to the logistical pressures on Moscow. Guidance from the Joint War Committee, which comprises syndicate members from the […] Read more

File photo of a canola crop south of Ethelton, Sask. in 2019. (Dave Bedard photo)

Canola, Crops, Weather

Nexera canola seed to come with heat blast insurance

Corteva's 'Heat Advantage' provides coverage on seed purchased by Oct. 29

By Allan Dawson, GFM Network News September 2, 2021

Farmers can’t prevent canola flowers from aborting in hot weather resulting in lower yields, but one seed company is providing some insurance against it — as part of the price of the seed. Brevant’s Nexera canola seed comes with a “a first-of-its-kind” insurance policy worth up to $100 an acre to offset yield losses due […] Read more

Manitoba Beef Producers president Tyler Fulton speaks in Winnipeg on July 22, 2021 at a federal/provincial announcement including planned changes to crop insurance against this summer’s drought, alongside federal Agriculture Minister Marie-Claude Bibeau and Winnipeg MP Kevin Lamoureux (r). (Dave Bedard photo)

Crops, Hay, Weather

Manitoba triggers hay disaster benefit

Per-tonne rate lifted to cover feed, transport costs

By Dave Bedard, GFM Network News July 23, 2021

Manitoba’s crop insurance agency is set to lift the per-tonne rate paid out on insured forage crops to help cover livestock producers’ bills to buy and truck in replacement feed. Manitoba Agricultural Services Corp. (MASC) on Thursday announced a 2021 hay disaster benefit to provide another $44 per tonne, for every tonne below coverage, to […] Read more

Livestock, Poultry/Eggs

Avian flu insurance plan backed for Ontario turkeys

New plan to be mandatory for turkey farmers

By Dave Bedard, GFM Network News February 9, 2021

Ontario’s turkey producer organization will get federal support to help set up a new mandatory insurance plan to cover costs incurred in any future outbreaks of avian influenza. Southern Ontario MPs Neil Ellis and Tim Louis on Monday announced up to $559,285 in federal funding through the AgriRisk Initiatives: Administrative Capacity Building stream for Turkey […] Read more

Crops, Forages, Fruit/Vegetables, Weather

Ontario extends fruit, forage insurance premium deadlines

Extension offers 'flexibility,' Agricorp says

By Dave Bedard, GFM Network News May 7, 2020

Ontario fruit and forage growers who have production insurance premiums due this month will now have until June 30 to pay, the province said Monday. The extended premium payment deadline applies only to production insurance plans for fruit, strawberries and asparagus — and to the forage rainfall insurance plan, which uses rainfall as an indicator […] Read more

Crops, Forages, Weather

Manitoba extends forage insurance survey deadline

Review's face-to-face public meetings cancelled

By Glacier FarmMedia staff, GFM Network News March 23, 2020

Manitoba’s provincial review of its relatively under-subscribed crop insurance offerings for forage growers has extended its deadline for grower comment. Manitoba Agricultural Services Corp. (MASC) last week announced it has cancelled all in-person public meetings on its forage insurance review, citing the COVID-19 coronavirus pandemic. But the agency has extended the deadline to take part […] Read more

Manitoba Pork Council chair George Matheson and federal Agriculture Minister Marie-Claude Bibeau announce funding for a two-year pilot insurance program for Manitoba hog producers. (Dave Bedard photo)

Hogs, Livestock

Manitoba to pilot insurance program against hog disease risks

Pork council study backed with federal, provincial funds

By GFM Network News February 17, 2020

“Private sector solutions” to manage financial risks caused by disease outbreaks on hog farms are on the drawing board in a new Manitoba-led pilot project that could go nationwide. Coming out of a Thursday morning meeting with hog producers in Winnipeg, federal Agriculture Minister Marie-Claude Bibeau announced $482,158 from the AgriRisk Initiatives (ARI) arm of […] Read more

A freighter is loaded with grain from a terminal at Vancouver’s Burrard Inlet. (Maxvis/iStock/Getty Images)

Crops, Markets

Grains sector backed to develop export rejection insurance

Code of practice for 'sustainable' crops also in works

By Glacier FarmMedia staff, GFM Network News February 12, 2020

The organization representing Canada’s crops sector will get public funding to develop an insurance plan against the “unpredictability” of export customers. Federal Agriculture Minister Marie-Claude Bibeau, speaking Wednesday at the CropConnect conference in Winnipeg, announced over $430,000 for the Canada Grains Council to develop a pilot insurance product for grain exporters. Such an insurance plan […] Read more

Crops, Weather

Storms leave close to 1,000 hail claims on Prairies

By MarketsFarm Team, GFM Network News September 28, 2019

MarketsFarm — There were almost 1,000 claims for hail damage across the Prairies following a series of storms Sept. 15-20, according to the Canadian Crop Hail Association (CCHA). The CCHA said the most destructive of the storms during that week came on Sept. 17. “There is significant damage from this late–season storm. There was heavy […] Read more

Alberta crop conditions improve: report

U.S. grains: Corn sets contract lows on expectations for big US crop

U.S. livestock: Cattle strength continues

GFM Network News