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Sask Wheat Pool announces new grain volume insurance
Canada, March 4, 2005
Saskatchewan Wheat Pool today announced a new grain volume insurance program with coverage for fiscal 2006. The program was developed with the assistance of Toronto based reinsurance brokerage Aon Re Canada Inc., a unit of Aon Corporation.

The Pool's new program is designed to improve earnings and cash flow stability within the company's core business of grain handling in years of poor grain volumes. Coverage under the new grain volume insurance is based on production of the six major crops in Western Canada (wheat, barley, canola, oats, peas and flaxseed) as reported by Statistics Canada. The program provides a maximum payment of $30 million. Partial payments will be triggered if production falls by more than 20 per cent and full pay out will occur if production drops by approximately 45 per cent.

"Our new coverage will better position the Pool to maintain cash flows at levels that will adequately prevent financial deterioration for the company if the industry experiences low production due to weather or other unpredictable events. The program complements what we are doing overall as a company to secure the future of Saskatchewan Wheat Pool for the benefit of our shareholders and our customers," said Wayne Cheeseman, Saskatchewan Wheat Pool's Chief Financial Officer.
MGR Archive 6.3.2005
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Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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