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:

  • Barley
  • Canola
  • Field peas
  • Oats
  • Rye
  • Wheat

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.

* 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.

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

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.