Record Crop Insurance Payments Made In 2005
Support local journalism. Don't let others regulate what news you see. Download our app
or bookmark pembinavalleyonline.com
to ensure you always have a direct connection to your trusted source for local news and information.
|By: Chris Sumner
Manitoba producers received a record $295.2 million in production insurance payments in 2005.
That figure exceeds 2004's record setting payment of $197.7 million.
The 2005 season started with 1.4 million insured acres not being seeded resulting in $58.3 million being paid under excess moisture insurance.
As for crop production losses canola was the hardest hit with $70 million in losses paid, folowed by red spring wheat at $25 million, and dry edible beans at $23 million.
The 2006 crop is off to a good start, but Manitoba Agricultural Services Corporation estimates 125,000 acres were not seeded by the June 20th deadline.
Latest in Ag News
Latest stories on PembinaValleyOnline
Holiday Market for Red River Valley Parent Child Centre
Fri, Dec 1, 5:30 PM
Morden Thunder Charity Game
Fri, Dec 1, 7:45 PM
Ten Thousand Villages Presents: 2023 Winkler Christmas Sale--1 WEEK ONLY
Sat, Dec 2, 10:00 AM
3D Printing Presentation
Sat, Dec 2, 12:00 PM
Gift Box Fundraiser
Sat, Dec 2, 1:00 PM