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Crop Insurance 1960-73
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1960
- The Saskatchewan Crop Insurance Act was proclaimed September 1, complimentary
to the Canada Crop Insurance Act. It required a minimum participation of 25%
of eligible farmers or acres in any given area.
- Coverage was restricted to areas where premiums would not exceed 15% of
the coverage. In the province, 113 total and partial townships carried insurance.
1961
- In 1961, the federal and provincial governments granted permission to operate
a pilot program in 25 areas of the province, mainly in the east and northeast.
- 194 producer applications were accepted from a total of 439 province-wide.
- Approximately 31,700 acres and three insurable crops were covered. Wheat,
oats and barley were insurable with a coverage of 60% of the long term average
yield. The price option was $1/bushel for spring wheat.
1962-1971
- In 1962, agreements were entered into with 27 agents for the purpose of
soliciting applications. Each agent was allotted a franchised area and was
renumerated at the rate of five dollars per valid application.
- By 1969/70, 78 agents provided service to 11,637 customers.
1972
- Crop Insurance was made available throughout the province.
- The coverage adjustment feature was introduced based on each insured's own
loss experience.
- Six field regions were established while sales and service was carried out
by a combination of area offices and agencies.
1973
- Eight crops were insurable. The coverage level was also extended to include
a choice of 60 or 70% of the 15 year average on all crops. Spot-loss hail/fire
coverage and the quality guarantee were features added to the existing program.
- The federal government's premium contribution increased to 50% with customers
paying the remaining 50%.
- The provincial government provided the administration costs. Sales and service
through agencies was discontinued and the transfer to the area office system
was completed. The number of active contracts was approximately 24,000.
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