Novel Crops Insurance
No fixed amount
Insurance
Description:
Novel Crops Insurance provides coverage on crops not currently covered by the AgriInsurance program due to the relatively small number of acres grown and/or lack of data or information available.
Comments on Funding:
The premium is 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.
The producer premium cost for Novel Crops Insurance is:
$5.44 per acre at the $200 per acre coverage level
$8.16 per acre at the $300 per acre coverage level
$10.88 per acre at the $400 per acre coverage level
Rolling deadline
Eligibility:
Applicants must:
1. Be producers that have an AgriInsurance contract.
2. grow and insure at least one typical annual or forage seed crop in order to calculate coverage for the novel crop.
3. Have Minimum of three acres per novel crop is required.
4. Novel crop acres cannot exceed 30 per cent of the producer’s other insured annual and forage seed crop acres grown in that year.
Application Steps:
Applicants must contact Service Centres
https://www.masc.mb.ca/masc.nsf/contact.html
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
March 31 is the last day to apply for or make changes to an MASC AgriInsurance contract (including the selection of Novel Crops Insurance).
About the author
Maurice
