Crop Insurance customers will have individual premiums for each crop—one of only two changes in the 2023 program announced on Monday morning.

The individualized premiums are based on a producer’s personal claim history compared to the area risk zone. A producer’s claim on one crop will not impact the premium for a different crop. The individualized premiums are included in each customer’s information package being mailed this week. Customers can also phone their local Crop Insurance office for additional details.

The average coverage for 2023 is $446 an acre, due to increased commodity prices and yield coverage. The 2022 average was $405 an acre coverage.  The average total premium is $14.79 an acre, an increase from $12.05 in 2022.

Here are the 2023 Saskatchewan Crop Insurance prices:

Canola                                       $18.83/bushel

Hard Red Spring Wheat        $10.21/bushel

Durum                                      $11.16/bushel

Barley                                        $6.42/bushel

Oats                                            $4.01/bushel

Peas                                           $12.17/bushel

Large Green Lentils            40 cents a pound

Red Lentils                               30 cents a pound

Desi Chickpeas                        33 cents a pound.

Khabuli Chickpeas                48 cents a pound

Yellow Mustard                      85 cents a pound

Brown and Oriental Mustard   80 cents a pound

Canaryseed                            36 cents a pound.

Flax                                           $17.15/bushel

The other change for 2023 is an increase in the maximum dollar coverage levels of the Unseeded Acreage feature.  The minimum coverage will remain at $50 an acre, but there will be options for $75, $100 and $125 an acre. Unseeded Acreage coverage helps offset costs when summer fallow acres are too wet to seed due to excessive spring moisture.

March 31 is the deadline to apply, reinstate, cancel or make changes to Crop Insurance contracts. Producers must select insured crops and coverage levels by the end of March as well.