MASC AgriInsurance
MN, Canada
Agricultural insurance for Manitoba crops
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
grant_single|grantors
- Government of Manitoba
- Manitoba Agricultural Services Corporation (MASC)
grant_single|status
grant_card_status|open
grant_single_labels|preview
Flexible and affordable insurance that protects producers of all eligible crops against production losses and most producers against crop quality losses.
grant_single_labels|projects
There are several eligible projects and activities for this grant:
- Insuring crops against production and quality losses
- Forage insurance for hay producers
- Submitting annual reports for insured crops
- Making claims for damages caused by various perils
- Participating in various AgriInsurance programs
grant_single|admissibleProjectsExample
$130,000
Montreal
Implementing AgriInsurance programs for fruit orchards
$140,000
Edmonton
Supporting crop quality insurance for specialty crops
$250,000
Toronto
Extending crop insurance for organic vegetable farmers
$150,000
Calgary
Providing forage insurance for hay producers
$170,000
Winnipeg
Launching an insurance program for grain farmers
$200,000
Vancouver
Developing a claims system for crop damage
grant_single_labels|admissibility
Eligibility criteria for this grant include:
- Producers must sign up for an AgriInsurance contract to insure their crops.
- Applications must be made in person at a designated location before March 31 of the growing year.
grant_eligibility_criteria|who_can_apply
Eligible types of companies for the AgriInsurance grant in Manitoba include agricultural producers and farmers who grow crops on eligible farmland. Both established and young beginning farmers can benefit from this insurance coverage.
- Agricultural producers
- Farmers
- Young beginning farmers
grant_eligibility_criteria|eligible_expenses
AgriInsurance premiums are allowable expenses and AgriInsurance payments are allowable income in both the current and reference years.
- AgriInsurance premiums
- AgriInsurance payments
grant_single_labels|criteria
There are evaluation and selection criteria for this grant. The evaluation and selection criteria for the AgriInsurance program in Manitoba are as follows:
- Probable yield for each insured crop
- Coverage level selection (50%, 70%, or 80% of probable yield)
- Seeded acreage reporting by June 30
- Harvested production reporting by November 30
- Indemnity payments for production shortfalls
grant_single_labels|register
- Step 1: Sign up for an AgriInsurance contract at a local office before March 31 of the growing year.
- Step 2: Receive a confirmation letter from MASC once your AgriInsurance contract is finalized. Contracts are automatically renewed each year unless canceled.
- Step 3: Select coverage level of 50%, 70%, or 80% of the probable yield for each insured crop, which affects premium costs.
- Step 4: If harvested production falls below coverage, receive an indemnity payment equal to the production difference multiplied by MASC's dollar value for the crop.
Apply to this program
AgriInsurance Program Overview
The AgriInsurance Program offered by the Manitoba Agricultural Services Corporation (MASC) provides flexible and affordable insurance to producers across Manitoba, covering over 80 different crops against production and quality losses. The program involves a cost-sharing structure between producers, the Government of Canada, and the Manitoba Government, ensuring a robust safety net for agricultural risk management.
Understanding AgriInsurance in Manitoba
The AgriInsurance program administered by MASC in Manitoba aims to safeguard farmers against various perils that can impact crop production, such as drought, excess moisture, frost, hail, fire, wind, wildlife, diseases, and pests. Producers can select coverage levels of 50%, 70%, or 80% of the probable yield for each crop, with premiums shared between producers and government entities.
Under the program, premiums are typically divided among insured producers, the Government of Canada, and the Manitoba Government, with exceptions for specific coverage options like the EMI Reduced Deductible Option and the Hay Disaster Benefit. This cost-sharing mechanism enhances accessibility to insurance coverage for a wide range of agricultural operations while promoting sustainable risk management practices.
Producers must apply for AgriInsurance contracts annually, with deadlines for contract modifications, claim filings, and seeding requirements carefully outlined by MASC. The program's structured approach ensures timely and efficient processing of claims and provides a vital support system for producers facing unforeseen challenges in crop production.
Additionally, the Young Farmer Crop Plan Credit and other supplemental programs offer targeted support to young and beginning farmers, reflecting the program's commitment to fostering the growth and sustainability of the agricultural sector in Manitoba. By leveraging technology through platforms like myMASC, producers can conveniently manage their insurance contracts, submit reports, and access essential information online.
Overall, the AgriInsurance Program in Manitoba plays a pivotal role in safeguarding agricultural livelihoods, promoting resilience in the face of evolving climate and market risks, and supporting the continued growth and prosperity of the province's farming communities.
