InsuranceManitobaWorking Capital
Potato Insurance
Potato insurance provides financial assistance to insured potato growers who experience a significant production shortfall.
Offered by Manitoba Agricultural Services Corporation
Amount
Coverage at 50, 70, or 80 per cent of probable yield (expected yield 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
Years in business
No minimum stated
Employees
No limit stated
Revenue
No limit stated
Legal structure
No requirement stated
Location
Manitoba
Who can apply
- Insurance is available to producers who grow a minimum of 5 acres of processing or table potatoes in Manitoba.
- For claims or coverage, table and processing potatoes are considered as separate crops with no offsetting.
- Processing potatoes can be insured as dryland or irrigated, and are combined for claim calculations.
- Total acreage of processing and table potatoes must be insured if selected.
- The variety of the potato determines the potato type (table or processing) and whether it is early or late maturing.
- Potatoes grown specifically for the purpose of producing seed are insured as table or processing potatoes depending on variety.
Requirements for Irrigated Coverage
- Fields on which the irrigated potatoes are grown must have working irrigation equipment and an adequate water supply.
- Irrigation equipment must be capable of applying a minimum application rate of one inch per acre per week. Producers are required to maintain a water log showing the dates and amount of rainfall and the water that was applied to each field.
- Table potatoes can be irrigated or non-irrigated, but are insured the same in both cases; processing potatoes can be insured as either irrigated or dryland.
About the funding
- There are three levels of coverage: 50, 70, or 80 per cent of probable yield (expected yield per acre).
- Table potatoes, irrigated and dryland processing potatoes have separate probable yields. The probable yield for dryland processing potatoes cannot exceed the probable yield for irrigated potatoes.
- Table and processing potatoes grown as seed potatoes have a unit value of $66 per tonne higher than their respective table and processing unit values, to reflect the additional costs of production.
- Individual producer historical yields (10 years) are used to calculate the producer’s probable yield.
Show all funding details
- The 10-year provincial average yield is used to determine the coverage for new producers.
- Dollar values for coverage are established prior to the start of the crop year.
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.
Separate premium rates are determined for table and processing (irrigated and dryland) production.
Claims are based on four stages of adjustment:
- Reseeding (25 per cent of dollar coverage)
- Losses up to and including June 20 (50 per cent of production guarantee)
- Losses after June 20 and the crop destroyed (90 per cent of production guarantee)
- Post-harvest claims (full coverage)
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 |
