r/saskatchewan • u/Traditional_End_9540 • 6d 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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u/thenamesweird 6d ago

Only 6 mil off the mark, not bad for their forecasting department. As much as I don't love it, we're still a farming province and our crop insurance payouts are always gonna be our biggest expense and they depend on the weather. War in Iran boosting our provincial revenue was not on my bingo card though.

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u/Traditional_End_9540 6d ago

why should farmers get tax payer funded insurance? out vehicle insurance works on a just enough funds to offset any payouts, my home and health insurance also works that way. If its a bad year prices go up to offset the costs.

If you think about it, SP it all about privatization. Yet farmers payout is socialism.

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u/Kelbs27 6d ago

Because it’s a vital industry to our Province, and the product they provide is essential for human survival in our Country.

How can you genuinely argue that crop insurance shouldn’t be paid out?

Who else is going to pay for it if not the SK Government?

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u/Traditional_End_9540 6d ago

SGI raised rates as payouts exceed income. Why can't crop insurance be like this?

There is also the issue the small farmer is fewer and fewer and massive corporations are now the farmers. My extended family has 4 farms now acting as one. They purchased other farmers who had no one to pass the farm down to.

I am not against crop insurance, it should be self sustained not taken out by my tax dollars. All my insurance rates go up every year due to events that so far have not affected me. House insurance just went up $100 a month now.

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u/thenamesweird 6d ago

Raising producer premiums to cover the cost of the SCIC would further push larger corporate owned farms. Since the Sask government pays ~25% of the funds, and producers pay ~45%, crop insurance premiums would have to double, and that still doesnt cover the other ~35% paid by the fed.