3 Reasons Why Canadian Farmers Need Seed Insurance

Posted by Farrell Agencies on April 17, 2019

Farming is one of the most important industries in Canada, growing 70% of our food supply  domestically and making up nearly 7% of our GDP. That’s why Farrell Agencies Ltd. works hard to make sure that Canadian farmers have the coverage they need to support their families if a crop fails.

Here are just a few of the reasons why Canadian seed growers should invest in seed insurance.

#1: Long-Term Weather is Unpredictable

Every farmer understands the risks they face every year when it comes to droughts and storms, but with climate change set to increase temperatures across the country, the risks of crop failure or damage are increasing dramatically.

This warmer weather will also mean an increase in crop pests and diseases that can harm or destroy entire harvests, which means that despite ideal growing conditions, your crops are not foolproof.

#2: Rising Operation Costs

Farming has never been a cheap business, with farm machinery costing anywhere from hundreds of thousands to millions of dollars, while pesticides and manures greatly increase the cost of every acre.

Because of these rising costs, more pressure is being placed every year on the success of a crop. You simply can’t afford to have a bad yield.

#3: The Importance of Seed Purity

Farmers across the world place a great deal of importance on the purity of the seeds they use. By having a purer seed with optimal germination, the likelihood of a strong and plentiful crop increases greatly.

We understand that seed farmers do their best to grow perfect seeds, but we also know that occasional seed transformations can appear, making your crop unappealing to purchasers. That’s why Farrell Agencies Ltd. covers seed crops that are impure or do not perform.

Farrell Agencies Ltd. has been endorsed by the Saskatchewan, Manitoba, and Alberta Seed Growers Associations as a trusted source for farmers, and we want to make sure your next crop is a successful one. Give our insurance experts a call today at 1-306-783-4477 or visit us online for more information on how our agents can help protect your farm and investment.

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