Perennial Crop Insurance 2024
Working in agriculture requires the ability to withstand unpredictable events. To protect producers from designated perils that lead to production loss, Agriculture Financial Services (AFSC) provides a suite of perennial insurance programs.
These programs provide:
- a production guarantee for hay crops based on average historical yields and the coverage option selected; or
- coverage for pasture based on conditions in the area, determined by an indicator of production loss, such as precipitation. This coverage is not directly related to losses to insured fields.
What’s new for 2024
Wildfire has been added to the list of Designated Perils as an insurable cause of loss for Hay Insurance and Export Timothy Hay Insurance.
Weather Stations: Seven new weather stations – Ross Creek, Carseland, Marwayne, Gahern, Hilda, Twin River, and Aden – are being added to the network of weather stations across Alberta, while one weather station, Clear Hills, is being decommissioned.
- Clients who had selected Clear Hills in the previous year can update their selected weather stations by completing a change request prior to the last day of February.
- As weather stations are subject to change, please view the Weather Station selection tool or visit your AFSC branch office for a current list.
What was new for 2023
To learn more about changes made in 2023, please see What was new in perennial crop insurance in 2023
Changes to Moisture Deficiency Insurance make it more responsive