Fruit growers know that every season brings unique challenges. This past growing season many Ontario producers experienced harsh weather, which resulted in increased claims. Fruit growers who were enrolled in Production Insurance had the comfort of knowing their fruit crops and corresponding trees and vines were covered. Now, with the December 20 deadline approaching, it's time for growers to start planning for next year.
Hail, frost and freezing temperatures can significantly impact fruit crops. Production Insurance has proven to be a valuable and reliable risk management tool, compensating growers for things like reduced quality, tree and vine loss, and yield reductions.
It's not too late to enrol. Producers should contact Agricorp to find out how Production Insurance can be a part of their risk management strategy.
New coverage and changes
In 2016 and 2017, changes were made to Production Insurance plans for fruit to offer growers more coverage for their operations. As a result:
- Strawberries are eligible for overwinter coverage
- Tender fruit trees are now covered
- Younger trees and grape vines are eligible for coverage
- Producers can choose additional tree or grape vine coverage
Secure coverage by December 20
Fruit growers who are interested in enrolling in Production Insurance or who want to make changes to their current coverage should contact Agricorp before the deadline.
Renewing customers should ask themselves:
- What changes have I made to my business?
- What risks does my business face this year?
- Will my current coverage protect me if I experience a severe, unexpected loss?
Producers need to submit premium deposits, inventory reports and coverage changes by December 20, 2017.
To learn more about Production Insurance for fruit, trees and grape vines, or to see 2018 premium rates, visit the applicable sections on agricorp.com: