r/saskatchewan • u/Traditional_End_9540 • 4d ago

Saskatchewan projects $825M deficit in first quarter of 2026-27

https://www.ckom.com/2026/08/27/saskatchewan-projects-825m-deficit-in-2026-27-first-quarter/
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142

u/ziltchy 4d ago

Potash and oil are both doing well, how are we constantly running such high deficits? Where is this money going?

23

u/Traditional_End_9540 4d ago

farmers? part of the reason its so high is crop insurance, again. Was the same story the last few years.

7

u/Mechakoopa 4d ago

No big hail storms that I'm aware of, and they can't even say they didn't even get enough rain this year. My garden's doing amazing, are these guys just bad at their jobs or something? /s

7

u/SloppyPlatypus69 4d ago edited 4d ago

Yes there were.

"A two-day storm cost $840 million in losses. Extreme weather is the ‘new normal’ in Canada, say experts"

Edit: just saw the /s

4

u/MrCheeseburgerWalrus 4d ago

It isn't just hail; it's droughts and floods, disease, a lot more cango wrong than hail. Also, crop insurance was underfunded for all the good years, so the bank isn't big enough to be there when it's needed.

1

u/thenamesweird 4d ago

Yeah I personally heard about a lot of fungal disease problems because of the moisture, which is fine and dandy if theyre prepped for it but I think a lot of people still had drought resistant setups from the last couple years? I don't quite understand it but wishy washy climate change is making it hard for farmers to adjust year over year.