Agriculture Roundup for Tuesday December 20, 2022
MELFORT, Sask. – It was a busy year for the Canadian Crop Hail Association (CCHA).
With increasing input costs, inflation and stronger crop prices farmers bought a record-setting $10 billion in insurance coverage.
Insurance payments to prairie producers topped $265 million with producer premiums totaling more than $375 million.
The CCHA reported Saskatchewan had a 68 per cent loss ratio, compared to 133 per cent in 2021.