News From SCIC

Producers who purchased a Livestock Price Insurance (LPI) policy are reminded they enter their claim window in the final four weeks of their policy. Settlement values reflect weekly market conditions and are determined using data collected from various auction markets across western Canada.

Today, Agriculture Minister David Marit announced details of the AgriRecovery program, now referred to as the 2021 Canada-Saskatchewan Drought Response Initiative. Producers can submit applications toward the Initiative on September 1, 2021.

Today, Agriculture Minister David Marit announced $119 million in direct support for drought-affected cattle producers under the AgriRecovery program. The program will provide a per head payment to help maintain breeding stock. This financial relief will help producers with extraordinary costs caused by drought, such as accessing feed and water.

Producers will now have additional time to conduct their Livestock Price Insurance (LPI) business.