Photo credit: Dreamstime.

By Curtis Galbraith

Agriculture

Crop insurance premiums going up in 2025 says AFSC

Jan 21, 2025 | 1:57 PM

AFSC says in a news release posted to its website that Alberta farmers can expect an increase in crop insurance premiums for this year.

The company says, quote, “loss experience from previous dry years continues to drive premium increases.”

CEO Darryl Kay says in that same release that there were what he called “historic claim payments” in 2021″ something that “had an impact on both the insurance fund balance and individual producer’s experience.”

The premium increase is included in a release outlining a long list of changes for crop insurance, AgriStability and lending.

Lending changes include a one per cent interest rate for anyone getting into or returning to farming, whatever their age. This was previously limited to people under 40.

What's Happening in Lethbridge this week: January 20-26, 2025

Jan 20, 2025

What's Happening in Lethbridge this week: January 6-12, 2025

Jan 07, 2025

What's Happening in Lethbridge this week: December 30 - January 5, 2025

Dec 30, 2024

The time for interest-only payments has also been extended to five years from two.