AB Direct - Steers

Live: 185.25 FOB lot (last week)
Rail: 302.50 FOB lot (last week)

AB Direct - Heifers

Live: ---
Rail: ---

US Trade- Steers

Live: 155.00 (TX, KN) 157.00 (NE) last week
Rail: 245.00-249.00 (NE, IA) last week

US Trade - Heifers

Live: 155.00 (TX, KN) 157.00 (NE) last week
Rail: 245.00-249.00 (NE, IA) last week

Canadian Dollar

$74.28
0.28

Moisture Deficiency Insurance claim payments slightly delayed

Enhancements to Agriculture Financial Services’ Moisture Deficiency Insurance (MDI) have resulted in a delay for long season claim payments.

Jesse Cole, manager of Insurance Products and Product Innovation, explained that producers with late season split and full season coverage typically receive their claim payments by the beginning of October. With the delay, producers should expect to see their payments by the third week of October.

“We upgraded MDI coverage this year in response to clients’ concerns,” said Cole. “The enhancements include a higher moisture threshold and a brand new extreme temperature element. As it is the first year with these upgrades, it’s taken a bit longer to acquire and process the necessary data.

“We understand that farmers are counting on their claim payments, especially as many are still feeling the effects of last year’s dry conditions and we are working to get the payments to producers as quickly as possible.”

AFSC clients can sign up for direct deposit for faster, more convenient payments. Signing up is a simple process; a step-by-step sign up guide is available on AFSC.ca. Click here to open Receiving payments by direct deposit

For more information, please use Live Chat on our website or AFSC Connect, call our Client Care Centre at 1.877.899.2372 or contact your preferred branch office.

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About the Author

Agriculture Financial Services (AFSC)
Agriculture Financial Services (AFSC) is a provincial Crown corporation with the mission of providing leading, innovative, client-focused financial and risk-management solutions to grow agriculture in Alberta.

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Live: 185.25 FOB lot (last week)
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Expiry Fed Feeder Calf
27-Feb-23 192 226 -
27-Mar-23 196 228 -
24-Apr-23 202 232 -
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19-Jun-23 208 250 -
17-Jul-23 204 - -
14-Aug-23 202 246 -
Last Updated on December 1, 2022