After a year of uncertainty, warmer, drier fall weather allowed many crops to reach maturity and led to better-than-expected yields.
The provincial average yield for soybeans was 44 bushels per acre, in line with the ten-year average. Corn yields were higher than average, at 184 bushels per acre. See corn and soybean yields by county on the maps below.
How do higher yields affect program coverage?
Higher yields can lead to higher Production Insurance coverage in future years, when producers need it.
Because Production Insurance coverage is based on a producer's individual yield history, an above-average yield raises a producer's average farm yield (AFY). The higher a producer's AFY, the higher the level of production Agricorp guarantees.
To learn more about average farm yields, read the
Average Farm Yield feature sheet.
How do higher yields affect premium rates?
Higher yields help keep base premium rates stable and can lead to individual premium discounts. Base premium rates for Production Insurance are set to reflect factors like past performance of the plan, changes to claim prices, and the level of the Production Insurance Fund, which is used to pay out claims.
Planning for the 2018 growing season
Producers who are currently enrolled in Production Insurance will receive renewal packages over the next two months. Producers can also
get program information and tips on agricorp.com, over the phone, or in person at an industry event or meeting. Agricorp is here to help.
The deadline to apply for Production Insurance for most plans is May 1.
2017 Harvest at a glance
Note: Yield maps for soybeans and corn show current average yields, by county, for producers who were enrolled in Production Insurance.