Farms.com’s Top 10 Western Canadian Stories in March

10) Alberta crop insurance premiums going up by about 22 per cent

Harvesting wheat

For 2023, Alberta farmers will pay an average of 22 per cent more for crop insurance premiums compared to what they paid in 2022.

Some reporting indicated crop insurance premiums would be increasing by 60 per cent based on numbers in the latest provincial budget.

The higher cost in premiums is concerning to farmers, but not surprising.

Because crop insurance premiums are related to commodity prices, producers could’ve seen this coming, said Dean Hubbard, a producer from near Claresholm, Alta. and member of the Alberta Wheat Commission board.

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