Harvest Flood Option
The Harvest Flood Option provides insurance for the inability to harvest coarse hay due to excess moisture.
The Harvest Flood Option is available for producers who have insured coarse hay acres.
Offered by Manitoba Agricultural Services Corporation
Amount
Fixed dollar amount of $35 per acre (High Dollar Value) or $20 per acre (Low Dollar Value) for coarse hay acres that cannot be harvested due to excess moisture, less a base deductible of 20 per cent of total insured coarse hay acres; premium shared 40 per cent by the producer, 36 per cent by the Government of Canada and 24 per cent by the Province of Manitoba
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Who can apply
The Harvest Flood Option is available for producers who have insured coarse hay acres.
About the funding
- The inability to harvest coarse hay due to excess moisture is not an insurable cause of loss under Select Hay Insurance or Basic Hay Insurance and therefore is not considered a production loss. The Harvest Flood Option must be selected to provide any compensation for coarse hay in the event a producer is unable to harvest due to excess moisture.
- The base deductible is 20 per cent of the total insured coarse hay acres.
- 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 Value ($35 per acre) and Low Dollar Value ($20 per acre) options are available.
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- Coarse hay acres that are not harvested due to excess moisture will not be used in a producer’s Individual Coverage calculations and will not negatively impact future probable yields.
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.
A claim is calculated on the number of coarse hay acres not harvested due to excess moisture, less the deductible, multiplied by the selected Dollar Value.
Similar programs
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|---|---|---|---|
| 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 |
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