Taxing crop insurance premiums

[Sodbuster]

How are you coming up with those dollars per acre for ins. integrity? For 2017, with 80% coverage, my full premium for argentine canola is $3.97/acre, for red spring wht.- $4.50/acre ( MB.) What are some of you sask. farmers really paying for crop in.? Would like to know. ( at 50% coverage .73 and .79 cents per acre respectively. very cheap to stay in crop ins.)

To compare premiums you have to know what your coverage is to make a comparison. So in SK I pay for canola on stubble $10.96 for $ 454 of coverage at 80%. That works out to $2.41 / $100 coverage or simpler I am paying 2.41% premium for crop ins on canola. For stubble wheat my premium at 80% is 2.35%. Keep in mind that my experience discount is at 50% so other farmers could be paying double or more for the same coverage.

[Klause]

I'm talking straight crop ins. ( no hail ins.) does yours include hail ins. klause?

No that's straight crop insurance.


We have municipal hail and some private. Not counting any of those

[the big wheel]

Are you on 10 year average for
yields or area yields stone?

[Klause]

We. Don't have hail insurance with our crop insurance do you?

Some guys I know are paying 17.00 acre for canola

Is that your overall average Klause or what crop

Average on all.


Oats wheat peas canola 20% 25% 25% 30% crop splits




Yes in mb you can buy hail additionally here in sk you can't

Premiums are twice as high here than mb for same dollar coverage.

[the big wheel]

Well wtf????!?
Is going on here?????

An adjuster from here went to help one year with the flooding in manitoba he told me he wouldn't even tell
Me the difference in premiums and coverage because I'd lose it if he did.

He also said in saskatxhewa when they go for training it's all about how you catch the farmer doing something wrong to lower the payout, in manitoba you find ways in the rules to pay what's the payout supposed to be.

Well I think I *** gonna lose it.
Aren't these supposed to be funded the same?????

[ColevilleH2S]

Holy shit, you guys got it cheap. I just checked mine, and even with a 26% experience discount I am still paying 5.5% for 80% Canola coverage.

[stonepicker]

Are you on 10 year average for
yields or area yields stone?

There is a base avg. yield, also there's your ipi ( individual productivity index ) so if your growing above avg. crops, you get above avg. coverage. My premium for wht. with 267.26/acre coverage is $4.50/acre ( %80 coverage ) Imo that's a reasonable price to pay so that i could slide through a complete crop disaster with minimal effect. My premium discount is %20. As far as hail ins., i always go private. Hail ins. prem. last year averaged $4.41/acre ( $200. or $250./acre coverage ) can't find last years hail ins. contract, so not sure of coverage

[stonepicker]

Talked to a crop ins. adjuster a number of years ago and he said they were told to give the farmer the benefit of the doubt, but don't be santa claus.

[Guest]

We pay approx $11 /ac for $435 coverage on canola at 80% in sask , premium discount about 35 % i think

[Sodbuster]

There is a base avg. yield, also there's your ipi ( individual productivity index ) so if your growing above avg. crops, you get above avg. coverage. My premium for wht. with 267.26/acre coverage is $4.50/acre ( %80 coverage ) Imo that's a reasonable price to pay so that i could slide through a complete crop disaster with minimal effect. My premium discount is %20. As far as hail ins., i always go private. Hail ins. prem. last year averaged $4.41/acre ( $200. or $250./acre coverage ) can't find last years hail ins. contract, so not sure of coverage

So in MB if you take your experience discount off your paying a 2.1% premium for wheat.
In SK with my experience discount taken off I am paying a 3.7% premium for wheat.
My $ coverage was similar to yours. So what gives, that's a huge difference in premiums.