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The Agriculture Financial Services Corporation Advises Farmers to Make Hail Insurance Decisions Early | |
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From the June 22, 2009 Broadcast of Call of the Land | |
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Gilbert Goudreau, is the provincial adjusting manager with Agriculture Financial Services Corporation (AFSC), He says that last year was the worst AFSC seen in its 71 years as a public hail insurer, paying out $73.5 million in claims through their Straight Hail program - almost doubling the record $40 million the year before.
Goudreau says farmers play a risky game by waiting too long to buy their hail insurance. If they’re thinking about insuring their crops, he says, AFSC recommends doing it as soon as the plants emerge. It doesn’t save any money to wait a few weeks, explains Goudreau, as you pay the same amount for hail insurance whether you start coverage in June, July or August.
Goudreau notes that AFSC's Straight Hail program is funded entirely by premiums. As a Crown Corporation, AFSC sets hail rates to cover crop losses, and to break even, with no profit factored in.
Producers can access Straight Hail coverage at any time but it doesn’t come into effect until noon the following day. For more information, producers can contact their local AFSC hail agent or insurance office, or the AFSC Call Centre at 1-888-786-7475.
The preceding is a transcript of the June 22, 2009 program. There may be some omissions due to last minute changes. For further information, contact Caitlynn Reesor at 780-422-3981 or Ken Blackley at 780-422-3951. Click here to view the latest Call of the Land.
The contents of this page are no longer available.
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For more information about the content of this document, contact Ken Blackley.
This document is maintained by Rita Splawinski.
This information published to the web on June 22, 2009.
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