(Lethbridge News Now)

By Dwayne McLaughlin

$55M in savings touted

Alberta cuts crop insurance premiums by 20% for 2021

Jan 26, 2021 | 9:38 AM

Alberta farmers will see a 20 per cent reduction in crop insurance premiums this year.

Minister of Agriculture and Forestry Devin Dreeshen says the move by the provincial government and Agriculture Financial Services Corporation (AFSC) will save farmers more than $55 million on their crop insurance premiums in 2021 and increase the competitiveness of Alberta farmers internationally.

“This will directly support job creators and boost Alberta rural economy at a time when it’s needed most,” Dreeshen said.

“A farm with 2,000 insured acres will save about $8,000 this year alone. This puts money back into the pockets of Alberta farmers right away.”

Dreeshen says agriculture continues to be an economic bright light and that Alberta’s government is strengthening the sector even more.

Last seen March 31

Missing: Eugenie Headman, 66, of Maskwacis

Apr 04, 2026

mayor hopes to meet housing minister this month

Alberta demands Ottawa back off on housing funding stripped from Red Deer

Apr 02, 2026

Last seen Jan. 15

Missing: Courtney Cattleman, 17, of Maskwacis

Apr 02, 2026

“This significant reduction in crop insurance premiums will help counter the looming 500% increase in federal carbon tax, a misguided Clean Fuel Standard (CFL), and an impending punitive fertilizer limit regulation all imposed by the federal government,” the minister suggested.

“Reducing insurance premiums by 20% will help local farmers – more federal taxes, increased costs and punitive regulations will not.”

Approximately 72 per cent of Alberta farmers enroll in the province’s crop insurance program each year.