Production Insurance - Forage
Production insurance helps producers manage the risk of crop losses caused by hail, spring frost, excessive rain, flooding, drought, etc.
Forage crops eligible for purchase of Production Insurance coverage include:
- Silage corn
- Perennial forage crops (protection from failure of establishment)
- Plants (winterkill protection in high-yield regions)
* Pasture and range are not covered.
How to Apply
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)
- Land Inventory (Schedule L-1). If the land is leased or rented, a legal lease or rental agreement must be submitted with the application.
- Farm Map(s) (Schedule L-2)
- Forage Field Inventory (Schedule F-5)
- Silage Corn Seeding Intentions and Seeded Crop Report (Schedule F-8)—if applicable.
- Warranties (Schedule W-1)
- Forage Additional Warranties and Information (Schedule W-2)
* The application and payment deadlines are:
- November 30 – perennial forage crops
- April 30 – silage corn and forage spring plantings
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. Please use the following forms:
- Grass - Declaration of Production (Schedule D-12)
- Silage Corn - Declaration of Production (Schedule D-10)
Coverage, Options & 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 for 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 value.
- The 20 or 30% deductibles protect a larger portion of the crop and allows an increase in 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).
- Refer to the forage policy wording to learn more about the terms of the insurance contract
- Read the policy wording updates
How to Pay
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.