The Agricultural Producers Association of Saskatchewan is raising concern over the Province's claim that Saskatchewan Crop Insurance Corporation payments caused the provincial deficit in 2021.
According to APAS Saskatchewan Crop Insurance Corporation reported a $2.4 billion surplus for 2020 which was accumulated over previous years, as well as a sizable surplus in the reinsurance fund.
APAS Vice President Ian Boxall says it’s not fair to blame producers for a provincial deficit in a drought year when that surplus gets used up.
Boxall says over the last several years, claims have been lower than premiums, which is why a surplus was built up over time.