Alberta expects to pay $1-billion in insurance as a result of drought
Source The Globe And Mail
Alberta expects to pay out about $1-billion in insurance this year because of a severe drought that has crippled crops, killed poultry and cut into dairy production across Western Canada and the United States.
Devin Dreeshen, Alberta's Minister of Agriculture and Forestry, said this year's crop insurance claims will be comparable to 2002, when farmers and ranchers in Alberta collected about $1-billion after a significant drought. He made his estimate as a number of rural municipalities in Western Canada declared states of emergency in an effort to draw political attention to the deteriorating conditions of fields and pastures.