Crop Coverage Plus
Crop Coverage Plus (CCP) is a coverage option that provides producers more coverage and more compensation in disaster years.
CCP is available to insured producers (including landlords on a crop share basis) who insure all eligible crops at the 80 per cent coverage level.
Offered by Manitoba Agricultural Services Corporation
Amount
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
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Who can apply
CCP is available to insured producers (including landlords on a crop share basis) who insure all eligible crops at the 80 per cent coverage level.
To qualify for CCP, producers must grow more than one eligible crop.
About the funding
All eligible crops are combined into a single Production Value Guarantee.
The Production Value Guarantee is the sum of the dollar coverage for all crops, where dollar coverage for each crop equals Probable Yield, multiplied by the Dollar Value, multiplied by the acres, multiplied by the coverage level.
The coverage level for all CCP crops will be greater than 80 per cent, up to a maximum of 90 per cent.
If the calculated coverage level does not exceed 80 per cent, CCP is not in effect and all crops will be insured individually at the 80 per cent coverage level.
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The coverage level is not determined until all acres of all eligible CCP crops are sown and reported on a producer’s Seeded Acreage Report.
The coverage level calculation accounts for the historical accumulated risks associated with growing a specific acreage of a combination of crops.
Premiums are the same as the premium for the 80 per cent coverage level, because over time a producer receives similar benefits.
Although producers with CCP will not have as many claims as they would have with individually selected crops, the payout will be greater when a significant yield loss occurs.
A premium discount will be applied if the combination of crops grown results in a coverage level over the 90 per cent maximum.
With the exception of reseed claims, no payments will be made for CCP until all eligible crops have been harvested. This is due to the fact that one crop may offset a loss to another crop (i.e. there are no payments for losses on individual crops during the growing season).
Reseed claims will be paid on a per crop basis (usually by the end of July) once MASC has confirmed that reseeding has been completed.
Crop Coverage Plus coverage levels are calculated based on the specific crops seeded and their ability to offset each other over time. A coverage level will be calculated for each farm, which can range anywhere from 81 per cent coverage to 90 per cent coverage, depending on Risk Area and acres of each crop seeded.
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 |
| Basic Hay Insurance | Insurance | 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 | 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 |
