ABBOTSFORD – BC residents suffered significant losses this year as wind, wildfire and floods walloped their farms and properties. But insurance payouts will cover just a fraction of these losses. According to the Insurance Bureau of Canada, total insurable losses as of mid-December totalled less than $650 million. “A brand new farm building should have …
insurance
Fruit growers face hard choices
Crop insurance adjusters are now dealing with “well over 1,000” notices of loss following the late June heat wave, and tree fruit growers face tough decisions come harvest regarding which fruit gets shipped. To prepare them for the choices and the financial relief available to them, the BC Fruit Growers Association and BC Cherry Association …
Farmers struggle to get insurance coverage Insurance
SALMON ARM – A hard market cycle for the insurance industry is making it harder for some farmers to get insurance coverage. It took four months for Mara dairy farmers Quentin and Daniela Bruns to secure insurance for their 180-acre certified organic operation with about 65 cows. Their struggle to find an insurance company willing …
Cherries face the pits
BC cherry growers face a second straight year of record losses thanks to severe cold in January and a late spring frost. The two cold weather events have resulted in the 2020 harvest on track to be down more than 40% from normal levels. BC’s Production Insurance program has received 296 claims for yield loss out …