AFSC Introduces Changes to Crop Insurance Programs

Some changes have been made to the Agri Insurance programs offered by the Agriculture Financial Services Corporation.
In total six new enhancements are coming that will benefit crop and bee producers in Alberta.
Research Analyst with AFSC Jesse Cole talks about a change to Malt Barley, the first of it’s kind in Canada.
“The malt barley program, actually recognizing that it’s a separate crop, and insuring it at a higher value based on the premium that guys experience on the market out there. So it’ll reflect a malt barley crop instead of a feed barley crop, that guys are used to in the insurance program.”
As for Bee Keepers insuring their colonies over the winter, they will now have personalized premiums. Cole says there are also changes coming to field peas and yellow dry beans insurance.
“There will be two significant changes. One of them is for mayocoba beans, also called yellow beans, where it’s a little bit more accurate and reflects what going on with the yellow beans instead of the black beans, another category that we had them in before. And the second one is for field peas, and this year we’ve insured them as 100 percent edible.”
The amendments to the annual insurance program also include winterkill as a designated peril for pedigreed alfalfa seed and making organic producers eligible for production insurance.
For full details on the changes to AFSC’s insurance policies, you can visit their website at https://www.afsc.ca/ or give one of their offices a call.