There was a big jump in hail losses in Alberta in 2016.

Total payouts in Alberta this year are reported at $64 million, compared to $50 million in 2015.

The total number of premiums was at $79 million, up slightly from $75 million a year ago.

Preliminary estimates show almost 20-thousand total crop hail claims from western Canadian farmers totalling over $256 million.

Producer premiums totalled just over $300 million for an industry-wide loss ratio of 84.8 per cent while Alberta's loss ratio was 81.8 per cent, compared 66.3 per cent in 2015.

Hail claims reported throughout the season were up over previous years, but the cost per claim was below average.

The first storm reported in Alberta was May 18, and the last one on October 1.

More Ag News

Canadian And U.S. Ag Reps To Meet

Agriculture Minister Oneil Carlier will talk trade and growth opportunities with Canadian and U.S. agricultural leaders in Baton Rouge this weekend. The annual Legislative Agricultural Chairs Summit…

Hail Claims Up in Alberta

There was a big jump in hail losses in Alberta in 2016. Total payouts in Alberta this year are reported at $64 million, compared to $50 million in 2015. The total number of premiums was at $79…

Three Men Inducted into AG Hall of Fame

Three men have been inducted into the Alberta Agriculture Hall of Fame. “The Hall of Fame is a tribute to the ongoing legacy of agricultural innovation in this province," says Oneil Carlier, Minister…

Harvest Getting Over The Hump

A good few days of weather has helped producers get the crop off. Jeff Porter, the Ag Fieldman for the Foothills MD says harvest in the area is nearing the halfway mark. "This year I would say is a…

High Costs, Low Prices Squeeze Feedlot

One of Canada's largest feedlots has said it won't be taking on any more cattle. Western Feedlots announced Wednesday it's winding down its cattle operations. Cattle market analyst Anne Wasko with…

CochraneNow.com is Cochrane's only source for community news and information such as weather and classifieds.

Search the Biz Guide

Login