• Alberta Premium Reduction: Insured clients will receive a 20 per cent reduction in crop insurance premiums for the 2021 crop year. The reduction in premiums is possible because of a healthy crop fund reserve. This fund protects against any future insurance payments, and is now at a point where it can help support discounted premiums, without posing significant risk to the overall program.
  • Discontinuation of Spring Price Endorsement: The Spring Price Endorsement is being discontinued, a move which will help support long-term program sustainability. Historically, the Spring Price Endorsement has had a low rate of participation. Recent enhancements to the program did not result in increased participation, example, over the past four years, only nine per cent of insured clients used this option).
  • Field Pea Coverage Split: Field Peas have now been split into two categories offering separate pricing and yield coverage for Yellow Peas and Green/Other Peas (e.g. maple, forage). Existing yield history will be used to offer coverage initially, and going forward the different categories will earn their own yield history for individual coverage.
  • Corn Silage Values: The additional coverage that corn silage receives under the silage greenfeed program has increased from $50/acre to $85/acre.
  • Reseeding Benefit changes: Acres that are reported by a client as intended for reseeding must be confirmed by AFSC as being taken out of production by June 20. Clients are required to notify AFSC prior to taking the crop out of production, and again once the originally seeded crop has been ploughed under or sprayed out no later than June 20 so an adjuster can attend the farm to confirm.
  • The benefit values for reseeding have been reviewed and updated. Major crops have been increased an average of $3 to $5 per acre, while some specialty crops have seen significant increases. More information can be found in the Program Specifics by Crop table.
  • Unseeded Acreage Benefit changes: The benefit values for acres left unseeded due to excessive moisture have been reviewed and updated to reflect current costs covered by the benefit. An increase between $8 to $28 per acre, has been implemented. More information can be found in the Program Specifics by Crop table.
  • Honey Insurance Deadlines: To align with industry reporting deadlines, the Honey Insurance deadline is moving from May 31 to June 30 for clients to file their Report of Producing Hives and Report of Hive Yard Locations.
  • Bee Overwintering Deadlines and Coverage: Bee Overwintering Insurance also has a change to the deadline for the application and election deadline. Formerly June 20, it will now be June 30 for clients to apply for or make changes to their elected coverage options. To reflect industry management of hives, single brood hives are now eligible for coverage under Bee Overwintering Insurance.
  • Wildlife Damage Compensation Program: In a move which will help support long-term program sustainability, the 20 per cent top-up for payments on claims is being removed. Currently the federal and provincial government share cost for the program up to 80 per cent, and the Alberta government has been providing the 20 per cent top up to 100 per cent. The process to determine wildlife damage remains the same; for example, if a producer received $250 in wildlife damage compensation last year, this year they will receive $200.
  • Fall Market Prices: Sourcing for fall prices on Oats and Green/Other Peas have changed this year. Please visit the Market Price Methodology chart for further details.
  • Weather stations: There are four new weather stations being added to the network of weather stations across Alberta, and two weather stations, Peace River and Hillsdown, were replaced. Since weather station information may be subject to change, visit the Weather Station Map or contact your AFSC branch for a current list of weather stations.