Agricorp delivers programs to help

​​​​​​​​​​​​​​The 2017 growing season is underway, but there are regions where producers are facing significant challenges due to unseasonably wet, cool and stormy weather. While it's too soon to know the full impact, help is available.

Agricorp is reaching out to customers who have reported damage, and Agricorp adjusters have been at farms and in fields assessing individual situations. Agricorp is working with producers to answer questions about coverage and to help them through the claims process.

Producers facing challenging crop conditions should call Agricorp to report damage to their crops, or if they have questions about their coverage. Producers can contact Agricorp at 1-888-247-4999, Monday to Friday, from 7 a.m. to 5 p.m.

Program options

Production Insurance covers yield reductions and crop losses due to insured perils, such as excessive rainfall, hail and flooding. Producers in Production Insurance who have potential damage to their crops need to contact Agricorp to report the damage.

AgriStability protects farm income as a whole, instead of one commodity at a time. Producers receive a payment if their farming income falls below 70 per cent of their farm's recent average income. Producers with AgriStability coverage can request an interim payment if they find themselves in financial distress.

AgriInvest is a savings account that producers can use to cover income declines. Each year, producers can deposit up to one per cent of their allowable net sales into a bank account and receive a matching government contribution. Producers can withdraw funds at any time.

Risk Management Program helps producers offset losses caused by low commodity prices and rising production costs. It's available for grains and oilseeds, cattle, hogs, sheep, and veal. Producers receive payments if the market prices fall below their chosen support level.

SDRM: Edible Horticulture is part of RMP and helps producers mitigate general risks associated with their farm business. Producers receive a government contribution based on their annual deposit into an SDRM account. Their maximum deposit is a percentage of their allowable net sales.

Related stories