Funding for Saskatchewan Crop Insurance was announced yesterday, but no program enhancements were included. Producers will soon receive information on their coverage levels and premiums for all the various crops.
Here’s a look at the commodity prices Crop Insurance will be using and how they compare to last year.
Base prices for all the major crops have dropped from last year, but flax and pulse crops are up. For CWRS wheat, the Saskatchewan Crop Insurance price has been set at $7.74 a bushel, down from $8.55 last year. Durum is at $8.01 a bushel, down dramatically from last year’s $10.86.
For canola, the crop insurance price is $13.50 a bushel, whereas last year it was $15.08. Feed barley at $4.68 a bushel and oats at $3.31 are also down substantially from last year. However, flax at $15.25 a bushel is higher than last year’s $13.85. Peas are pegged at $10.37 a bushel, up from $9.58 last year. Red lentils at 31 cents a pound are three cents higher than last year and large green lentils at 46 cents a pound are one cent higher. That’s the end of the good news.
Canary seed is 32 cents, down from 36 cents. The three types of mustard are just over half of last year’s crop insurance price. Large kabuli chickpeas are 34 cents a pound versus 46 cents last year. Yield coverage and premiums per acre will vary from one producer to the next, but for most producers crop insurance coverage will be lower in 2025 due to lower commodity prices.