November 27, 2024
It's application and renewal time for the Production Insurance Fruit Policy, which includes coverage for strawberries, apples and apple trees, grapes and grapevines, and tender fruit and tender fruit trees.
What's new?
Agricorp worked with industry and government to make some improvements to Production Insurance fruit coverage for
apple,
pear,
plum, and
strawberry growers, starting with the 2025 growing season. These updates provide fruit growers with more stable, predictable, and flexible options.
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Buffering of unusually high and low apple yields – Unusually high or low yields are buffered up or down to keep coverage stable and lessen the impact of extreme yields on a final average yield (FAY) in future years. By keeping the FAY stable, customers pay only for the coverage they need and receive the right compensation in the event of a claim. For more information about yield buffering, see Final Average Yield.
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Fixed claim price for juice apples – When renewing their coverage this year, customers will know what the claim price is, giving them a better understanding of their coverage and options if they experience losses or damage. The fixed claim price for juice apples reflects a pricing methodology that better aligns with industry and market changes over time.
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90% coverage level for pears, plums, and strawberries – Customers who grow these crops can now choose a 90% coverage level as an additional option, giving them more choice and flexibility in managing risks.
Note: For pears, the 90% coverage level applies to multi-peril coverage only.
How to sign up or renew
January 1, 2025 is the deadline to apply for fruit coverage or make changes to existing coverage.
New customers need to contact Agricorp to apply for coverage. They can call 1-888-247-4999, and we will walk them through their options.
For existing customers, renewal packages are being sent in early December. Customers should review their renewal packages to make sure their coverage options meet the current needs of their farm businesses.
Agricorp uses 2024 yields to create customers' 2025 renewals. For customers who don't receive their renewal by late December, it may be because Agricorp doesn't have their final yields, and these customers should contact Agricorp.
