Alberta farmers will save $55 million in crop insurance premiums this year.
The province has reduced premiums by 20 per cent for 2021. The reduction will increase international competitiveness of Alberta farmers and counteract some federal agriculture policies, said Agriculture and Forestry Minister David Dreeshen.
“The clean fuel standards and the impending fertilizer regulations isn't something that's really understood…,” said Dreeshen.
“These are two regulations I've heard from farmers that they are quite concerned about.”
Added to the carbon tax, the regulations squeeze farmers, he told media.
About 72 percent of farmers in Alberta are enrolled in crop insurance — one of three business risk management programs funded by the federal and provincial government with a 60 per cent subsidy of premiums
The crop insurance discount does not include hail insurance but applies to insurance on pasture, grain or silage for livestock producers.
Ron Walter can be reached at ronjoy@sasktel.net.
