Saskatchewan Crop Insurance Corporation

What Saskatchewan Crop Insurance Corporation does

Saskatchewan Crop Insurance Corporation (SCIC) is a Crown corporation of the Government of Saskatchewan, established in 1961 and headquartered in Melville, Saskatchewan. SCIC administers the provincial Crop Insurance Program under the Sustainable Canadian Agricultural Partnership, a federal-provincial-producer cost-shared business risk management framework in which the Government of Canada and the Government of Saskatchewan jointly fund premiums alongside producer contributions. The corporation serves Saskatchewan farmers and ranchers, insuring against production quantity and quality losses, and reports coverage of more than 85% of seeded acres in the province in 2025, with approximately $8 billion in claims paid out over the past five years.

The core product portfolio consists of the Crop Insurance Program and Satellite Forage Insurance, the latter using satellite data to improve forage risk assessment for livestock producers. SCIC delivers coverage directly to producers through government administrative channels, supported by the Saskatchewan Ministry of Agriculture and partner organizations such as the Agricultural Producers Association of Saskatchewan (APAS). Producers select insured crops and coverage levels on an annual basis (e.g., March 31 deadline for the 2026 program), with premium pricing determined through the federal-provincial-producer cost-shared structure rather than commercial market pricing.

The revenue model is hybrid: producer-paid premiums on insured seeded acres plus federal and provincial government funding to cover administrative costs and reinsurance-style risk-sharing. As a Crown entity, SCIC operates without external equity holders and reinvests surplus into program reserves and operations. The organization employs between 101 and 250 staff and has maintained continuous program delivery for 65 years, making it one of Canada's longest-running agricultural insurance programs.

Name

Saskatchewan Crop Insurance Corporation

Legal name

Saskatchewan Crop Insurance Corporation

Website

https://scic.ca

Company type

Private

Founded year

1961

Operating status

Operating

Headcount range

101–250 employees

Short description

Saskatchewan Crop Insurance Corporation is a Saskatchewan Crown corporation that administers a federal-provincial-producer cost-shared crop insurance program, insuring over 85% of the province's seeded acres and serving the province's farmers, ranchers, and livestock producers.

Ownership category

akta.pro rank

Product category

Agricultural Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Support Activities for Crop Production (11511), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Carriers, Nec (6399), Fire, Marine & Casualty Insurance (6331), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Crop & Farm Property Insurance (FSAJACAK)

akta.pro secondary industries

Agriculture / Crop & Livestock Reinsurance (FSAOABAO), Agriculture & Crop Treaty Reinsurance (FSAOAEAH), Farm Data Management & Decision Support Services (FMIS Setup, Data Integration, Analytics) (AFACACAC), Carbon, Sustainability & MRV Services for Farms (Baseline, Monitoring, Reporting, Verification) (AFACACAK), Farm Risk Management & Insurance Advisory (AFACAJAD)

Keywords

• Agricultural insurance
• Crop insurance
• Forage insurance
• Risk management programs
• Production loss coverage

Headquarters

HQ city

Melville

HQ country

Canada

HQ region

North America

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Crop Insurance Premiums: The program operates as a federal-provincial-producer cost-shared structure under the Sustainable Canadian Agricultural Partnership. Producers pay premiums to insure their seeded acres against production quantity and quality losses. Over 85% of seeded acres in Saskatchewan were insured through the program in 2025.
2. Government Funding Support: Federal and provincial governments provide ongoing financial support for the Crop Insurance Program. The program has paid out approximately $8 billion in claims over the past five years.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Saskatchewan Crop Insurance Corporation (SCIC) administers a federal-provincial-producer cost-shared Crop Insurance Program under the Sustainable Canadian Agricultural Partnership, insuring Saskatchewan agricultural producers against production quantity and quality losses. The program includes Satellite Forage Insurance, which uses satellite data to assess forage risk for livestock producers, and covers over 85% of seeded acres in Saskatchewan.

Product overview

Saskatchewan Crop Insurance Corporation (SCIC) offers a unified Crop Insurance Program portfolio as a federal-provincial-producer cost-shared business risk management offering under the Sustainable Canadian Agricultural Partnership. The core product is the Crop Insurance Program, which protects producers against production quantity and quality losses and insures over 85% of seeded acres in Saskatchewan. Within this program, SCIC has introduced Satellite Forage Insurance using satellite data to enhance forage risk assessment for livestock producers, representing a technology-enabled enhancement to the core insurance offering.

Differentiator

Problem solved

Functional benefit

Brands

• Satellite Forage Insurance: Satellite-based forage insurance using satellite data to improve forage risk assessment for livestock producers.

Products and services

• Crop Insurance Program A federal-provincial-producer cost-shared business risk management program operating under the Sustainable Canadian Agricultural Partnership that insures producers against production quantity and quality losses. In 2025, over 85% of seeded acres in Saskatchewan were insured through this program, which has paid out approximately $8 billion in claims over the past five years.
• Satellite Forage Insurance An insurance product using satellite data to improve forage risk assessment for livestock producers, marking an innovation in how SCIC evaluates and manages forage-related agricultural risks.

Quantifiable outcome

• Over 85% of seeded acres in Saskatchewan insured through the program in 2025
• +1 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered minor and core.

• Agricultural Producers Association of Saskatchewan (APAS)minorGTM or Marketing Partner · 29 May 2026APAS works with SCIC and the Ministry of Agriculture to address farmer concerns regarding the crop insurance program. APAS communicates important information to producers about deadlines, coverage implications, and program changes.
• Government of CanadacoreStrategic or Co-development Partner · 1 January 2026The Government of Canada, through the Sustainable Canadian Agricultural Partnership, co-funds the Crop Insurance Program administered by SCIC. This federal-provincial partnership provides cost-shared financial support to protect Saskatchewan producers against production losses.
• Government of Saskatchewan Ministry of AgriculturecoreStrategic or Co-development Partner · 1 January 2026The Saskatchewan Ministry of Agriculture works with SCIC to administer the Crop Insurance Program. Agriculture Ministers from both federal and provincial governments announce continued funding annually. The Ministry helps address farmer concerns and implement program policies.
• Sustainable Canadian Agricultural PartnershipcoreStrategic or Co-development Partner · 1 January 2026The Sustainable Canadian Agricultural Partnership is the federal-provincial agreement under which the Crop Insurance Program operates. It establishes the cost-shared funding structure between federal, provincial, and producer contributions.

Scale indicators3 records

Recent moves4 records

Expansion highlights3 records

Broad incumbents

• USDA Risk Management Agency (RMA): The U.S. federal agency that administers the Federal Crop Insurance Corporation and oversees crop insurance across the United States; a broader-scale counterpart to SCIC's provincial mandate.
• Farm Credit Canada (FCC): Federal Crown corporation providing lending and risk management services to Canadian farmers, comparable to SCIC in its Crown status and Canadian agricultural focus, though oriented around credit rather than insurance.

Direct peers

• Agricorp (Ontario): Ontario's provincial agency delivering crop insurance and AgriStability programs under a federal-provincial partnership, comparable in mandate and structure to SCIC.
• Manitoba Agricultural Services Corporation (MASC): Manitoba's provincial Crown corporation that delivers crop insurance and other agricultural risk management programs under a federal-provincial cost-shared framework, making it the closest structural analogue to SCIC.
• British Columbia Investment Agriculture Foundation: Delivers federally and provincially funded risk management programs to British Columbia producers, providing analogous crop insurance and AgriStability services to SCIC's mandate.
• Agriculture Financial Services Corporation (AFSC): Alberta's provincial Crown corporation offering crop, hail, and livestock insurance plus farm lending under the same federal-provincial Sustainable Canadian Agricultural Partnership framework as SCIC.

Others

• Canadian Crop Hail Association: Represents provincial and private hail insurance providers in western Canada, an industry body closely tied to SCIC's supplementary hail and crop insurance offerings.

Emerging players

• WeatherBill (now Climate Corporation / Bayer): Parametric and satellite-driven crop insurance and weather risk product provider, relevant as a technology-led analogue to SCIC's Satellite Forage Insurance capability.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks4 records

Key highlights6 records

Customer concentration

• Xx.com/skcropinsurance
• LinkedInlinkedin.com/company/saskatchewan-crop-insurance-corporation

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Saskatchewan Crop Insurance Corporation