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, including adverse weather, disease, pests, wildlife or other uncontrollable natural perils.
- Update to grape coverage – To support difficult growing conditions for grapes, yield buffering has been permanently added to your coverage. Yield buffering helps to stabilize and lessen the impact of an extreme or unusually low or high yield on your final average yield (FAY). For information, see Final Average Yield.