Alberta producers are being told to brace for an increase in crop insurance premiums for the 2026 growing season, driven largely by the financial impact of recent dry years across the province.
In a release Tuesday, Agriculture Financial Services Corp. (AFSC) said higher premiums reflect ongoing loss experienced from previous drought-affected seasons. In some cases, program enhancements that provide additional coverage are also contributing to higher costs.
AFSC says efforts continue to focus on keeping insurance affordable while ensuring coverage accurately reflects crop values and participation levels remain stable.
The actual premiums paid by individual producers will vary, depending on factors such as loss history, selected coverage levels, individual experience ratings, and prevailing market prices, the release said.