Production Insurance - Grain
Production insurance helps producers manage the risk of crop losses caused by hail, spring frost, excessive rain, flooding, drought, etc.
Insurance for grain crops protects against the inability to seed due to excessive moisture and provides a reseeding benefit for early season losses. Additional hail spot loss coverage is available, as is extra coverage for pedigree seed crops.
Grain crops eligible for purchase of Production Insurance coverage include:
- Field peas
How to apply for grain coverage
To apply, please make an appointment with a Production Insurance representative.
Review the following forms to prepare the application. These forms don't need to be filled out prior to the appointment and can be completed with the assistance of a representative.
- Application for Continuous Production Insurance (Schedule A)—available from the Production Insurance office.
- Tax Reporting Form (Schedule A-1) (PDF)
- Land Inventory (Schedule L-1). If the land is leased or rented, a legal lease or rental agreement must be submitted with the application. (PDF)
- Farm Map(s) (Schedule L-2) (PDF)
- Grain & Oilseed Field Inventory and Seeded Crop Report and Additional Forms (Schedule F-6 & Schedule F-6A) (PDF)
- Warranties (Schedule W-1) (PDF)
* The application and payment deadline is April 30
Renewing Production Insurance
It's recommended you contact a Production Insurance representative when it’s time to renew.
Declaration of production from the previous crop year is required as part of the renewal process.
- Grain - declaration of production (Schedule D-15) (PDF)
- Request for interim claim payment (Schedule D-21) (PDF)
Coverage, options and premiums
After the offer is written, we'll send an Offer Statement of Premiums and Coverage (SPC), and an Options Report which details available coverage, options and premiums. Contact us if you require any assistance in choosing coverage, options and premiums.
- The 50% deductible (minimum) is the lowest amount of coverage available and means over half the crop must be lost before there is a claim paid. This may not be enough to adequately protect an operation and there is no opportunity to increase the insurable value of the crop.
- The 20 or 30% deductibles protect a larger portion of the crop and allow you to increase the value of coverage. If you choose the 20 or 30% deductible you may elect to increase the value of the crop (up to the maximum calculated value).
- The Grain Basket option provides maximum coverage at a much lower cost than insuring each crop separately. Production between crops is offsetting—low production in one crop can be offset by production in another. Small losses in one crop generally do not result in a claim. This option is a cost-effective way to protect the whole farm against severe losses.
Grain policy wording
- Grain policy wording (PDF, 1.4MB)
How to pay for grain coverage
Once you have chosen coverage, options and premiums please sign and submit the Offer Statement of Premiums and Coverage and Options Report(s) and payment. Pay using Debit, Visa, MasterCard, cash or cheque payable to the Minister of Finance. Credit card payments are accepted over the phone.
* For the most up-to-date and accurate information read the policy wording for the continuous specified perils Production Insurance contract for each crop.