InsuranceManitobaWorking Capital
Basic Hay Insurance
Basic Hay Insurance provides a lower cost whole-farm forage insurance option to insure winter feed supplies against losses due to designated perils.
Basic Hay Insurance is available to Manitoba hay producers.
Offered by Manitoba Agricultural Services Corporation
Amount
Coverage of 80 per cent of the Probable Yield, valued at the High Dollar Value ($114 per tonne) or Low Dollar Value ($68 per tonne) option; premium cost shared 40 per cent by the producer, 36 per cent by the Government of Canada and 24 per cent by the Province of Manitoba
Quick eligibility check
Years in business
No minimum stated
Employees
No limit stated
Revenue
No limit stated
Legal structure
No requirement stated
Location
Manitoba
Who can apply
- Basic Hay Insurance is available to Manitoba hay producers.
- To be eligible for coverage, there must be an aggregate acreage of at least five acres of any hay type grown.
- This program provides production insurance for alfalfa, alfalfa grass mixtures, tame grasses, sweet clover, and coarse hay. Each hay type is combined for coverage and claim calculations.
- All hay types require greater than 75 per cent ground cover to qualify for insurance.
- Coarse hay includes stands of native hay and other hay used for livestock feed consisting of less than 75 per cent tame hay, excluding bulrushes and other species deemed to have low feed value.
If Basic Hay Insurance is selected, all hay types and all insurable fields must be insured under Basic Hay Insurance.
About the funding
- Each eligible hay type has its own Probable Yield (expected yield per acre), however all hay types are combined into an aggregate Probable Yield for coverage and claim purposes.
- Basic Hay Insurance offers a coverage level of 80 per cent of the Probable Yield, which provides an effective trigger for claims when there is a production shortfall.
- There is no Relative Feed Value quality guarantee for Basic Hay Insurance.
- High Dollar Value ($114 per tonne) and Low Dollar Value ($68 per tonne) options are available.
Show all funding details
- A producer’s aggregated probable yield and premium costs cannot be calculated until the actual acreage of each hay type is determined. Final coverage and premium costs will be provided to the producer after their Seeded Acreage Report is accepted by MASC.
- The premium cost is shared 40 per cent by the producer, 36 per cent by the Government of Canada, and 24 per cent by the Province of Manitoba.
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| AgriInsurance for Organic Crops | Insurance | Organic crop insurance coverage based on individual yield history (50 per cent of the conventional average yield for each year of missing data), with the premium cost shared 40 per cent by the producer, 36 per cent by the Government of Canada and 24 per cent by the Province of Manitoba | Open |
| Contract Price Option | Insurance | No fixed amount | Open |
| Corn Insurance | Insurance | Coverage of 50, 70, or 80 per cent of probable yield, or Crop Coverage Plus (CCP) up to 90 per cent coverage (excluding silage) | Open |
| Crop Coverage Plus | Insurance | All eligible crops combined into a single Production Value Guarantee, at a coverage level greater than 80 per cent, up to a maximum of 90 per cent | Open |
