Harvest Flood Option
No fixed amount
Insurance
Description:
The Harvest Flood Option, part of MASC’s Forage Insurance, provides insurance for the inability to harvest Coarse Hay due to excess moisture. To select this option, Coarse Hay acres must be insured under either Select Hay Insurance or Basic Hay Insurance. The Harvest Flood Option pays a fixed dollar amount for Coarse Hay acres that cannot be harvested due to excess moisture. Acres too wet to harvest are not eligible for production loss compensation. High Dollar and Low Dollar Value options are available.
Comments on Funding:
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.
Rolling deadline
Eligibility:
Applicants must be producers who have insured coarse hay acres.
Application Steps:
Applicants must register a claim for the Harvest Flood Option by October 1 (without penalty).
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
The Harvest Flood Option must be selected for coverage by March 31. Once selected, the Harvest Flood Option is ongoing and renews automatically each year until the producer cancels the option.
About the author
Maurice
