Production Insurance
New forage seeding

Overview

​​​​​Why are 5 million acres of Ontario farmland insured under Production Insurance each year?

In a word: protection.

Production Insurance protects Ontario producers from yield reductions and crop losses caused by factors beyond their control. Things like adverse weather, disease, wildlife and insect infestations. 

When you enrol in the new forage seeding Producti​​on Insurance plan, you are offered an establishment benefit. A claim may be paid if an insured peril prevents your crop from establishing a stand.​

What's ne​​​​w for 2017

Starting in 2017, Agricorp has clarified which species can be insured under the new forage seeding plans. Find the full list below or in the updated Contract of Insura​nce – Part XII at agricorp.com/newforage​. Contact Agricorp if you would like a copy of the updated Contract of Insurance.

The following species are insurable:​

  • Alfalfa
  • Annual rye grass
  • Bird's-foot trefoil
  • Bluegrass
  • Brome grass
  • Buckwheat
  • Creeping red fescue
  • Daikon radish
  • Meadow foxtail
  • Millet
  • Orchard grass
  • Oats
  • Oilseed radish
  • Peas
  • Perennial rye grass
  • Red clover
  • Reed canary grass
  • Sorghum​
  • Soybeans
  • Sweet clover
  • Tall fescue
  • Timothy
  • Triticale
  • White clover
  • Vetch

​​​​What P​roduction Insurance offers

  • Pe​ace of mind.
  • Dependable collateral with financial institutions.
  • Affordable coverage that is cost-shared with government.
  • Premiums that are tax deductible as an operating expense.
  • Claim payments that reflect market prices.
  • Individual crop plans that accommodate unique aspects of each insurable crop.
  • Payments that are made within the year the loss occurred (in most cases).

Funding partn​​ers

Production Insurance is part of the suite of programs available under Growing Forward 2. In most plans, producers pay 40 per cent of the total premium cost and none of the adminis​​trative cost. Together, the federal and provincial governments contribute the other 60 per cent. Administrative costs are fully funded by both levels of government.





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Growing Forward 2 – Agricorp – Ontario – Canada