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> Insured Prices > 2008 Forage Prices
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The insured price is the forecast price a commodity will sell for during the crop year as determined by Saskatchewan Crop Insurance in consultation with Agriculture and Agri-Food Canada. The values are used in calculating your total coverage, premium and claim amounts.
Providing an alternate premium per acre to fit your risk management budget, Crop Insurance offers the Low Price Option. This option allows customers to insure at 85 per cent of the base price (reducing both premiums and coverage) without lowering the
claim threshold.
For 2008, the base price and low price option values are as follows:
Crop |
08 Base Price Option
($/tonne) |
08 Low Price Option
($/tonne) |
| Alfalfa |
65 |
55 |
| Alfalfa/Grass |
65 |
55 |
| Grass |
65 |
55 |
| Dehy |
20 |
17 |
| Sweetclover |
53 |
45 |
| Greenfeed |
55 |
47 |
| Timothy Hay |
130 |
111 |
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