Novel Crops Insurance
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.
Novel Crops Insurance is available to all producers that have an AgriInsurance contract.
Offered by Manitoba Agricultural Services Corporation
Amount
Coverage of $200, $300 or $400 per acre; 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
Who can apply
Novel Crops Insurance is available to all producers that have an AgriInsurance contract.
- Coverage is restricted to annual, biennial, and perennial crops grown for the production of grain or seed. Coverage is available in the year of harvest only.
- Producers must grow and insure at least one typical annual or forage seed crop in order to calculate coverage for the novel crop.
- Intercrop mixtures are eligible for coverage as a novel crop.
- Minimum of three acres per novel crop is required.
- Insured Novel crop acres cannot exceed 30 per cent of the producer’s other insured annual and forage seed crop acres grown in that year.
Eligibility Example
AgriInsurance Crop: Soybeans; Acres: 200
AgriInsurance Crop: Red Spring Wheat; Acres: 150
AgriInsurance Crop: Canola; Acres: 200
AgriInsurance Crop: Total :; Acres: 550
AgriInsurance Crop: Maximum acres eligible for Novel Crops Insurance
Acres: = 550 x 30%
Acres: = 165 acres
- Seeding deadline for all novel crops is June 20.
- Novel crops are eligible for a reseed benefit of 25 per cent of the crop’s per acre dollar coverage if the crop fails to establish by June 20.
- Producers must submit a Seeded Acreage Report to MASC by June 30.
About the 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
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- $10.88 per acre at the $400 per acre coverage level
Producers may select from three different coverage levels: $200, $300, or $400 per acre.
Coverage Example
165 novel crop acres x $400 per acre coverage
=$66,000.00
- Note: Crops insured by Novel Crops Insurance are not eligible for any Stage 1 benefit.
A claim on novel crop acres is based on the loss experienced by the producer on other typical crops:
Claim Example
Crop: Soybeans; Indemnity: $0; Total Coverage: $50,000
Crop: Red Spring Wheat; Indemnity: $5,000; Total Coverage: $30,000
Crop: Canola; Indemnity: $10,000; Total Coverage: $75,000
Crop: Total:; Indemnity: $15,000; Total Coverage: $155,000
Crop: Loss Percentage:
Indemnity: = 15,000 / 155,000
Indemnity: = 9.7 %
Total Coverage: N/A
Crop: Novel Crops Claim:
Crop: (165 acres with $400 per acre coverage)
Indemnity: = 165 acres x $400 x 9.7 %
Indemnity: = $6,402.00
Total Coverage: N/A
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 |
