AgriInsurance is a federal-provincial-producer cost-shared program that stabilizes a producer's income by minimizing the economic effects of production losses caused by natural hazards. AgriInsurance is a provincially delivered program to which the federal government contributes a portion of total premiums and administrative costs. The federal government also provides a reinsurance arrangement (deficit financing) to provinces. Currently, five provinces (Alberta, Saskatchewan, Manitoba, New Brunswick and Nova Scotia) participate in the reinsurance arrangement
AgriInsurance plans are developed and delivered by each province to meet the needs of the producers in that province. AgriInsurance plans help to cover production losses as well as loss of product quality and both yield and non-yield based plans are offered. These plans cover traditional crops such as wheat, corn, oats and barley as well as horticultural crops such as lettuce, strawberries, carrots and eggplants. Some provinces also provide coverage for bee mortality as well as maple syrup production. The provinces constantly work to improve their programs by adjusting existing plans and implementing new ones to meet changing industry requirements.
In working to expand the program beyond crops, directives for offering livestock production insurance were developed. Under Growing Forward 2, there are clear guidelines for provinces to develop and implement livestock plans under AgriInsurance.
AgriInsurance plans are developed and delivered by provinces in accordance with the Farm Income Protection Act, the Canada Production Insurance Regulations and Multilateral Framework Agreements to meet the needs of provincial producers.
In July 1959, the federal government passed the Crop Insurance Act. The Act would assist the provinces in making affordable crop insurance available to producers. Under this legislation, the federal government was prepared to enter into agreements with any province that established a crop insurance program.
Federally, the Crop Insurance Program evolved into the Production Insurance Program and is now known as AgriInsurance. The Federal AgriInsurance program falls under Farm Income Protection Act, and is guided by the Canada Production Insurance Regulations and Growing Forward 2. The program has built on past experiences and evolved into the effective and responsive program that we have today.
AgriInsurance is a federal-provincial-producer cost-shared program that stabilizes a producer's income by minimizing the financial impacts of production losses caused by natural hazards.
The federal and provincial governments help to make production insurance affordable by sharing the cost of premiums with producers and by co-funding program administration.
Each province currently has either a Crown Corporation or a branch of the provincial agriculture department responsible for administering the AgriInsurance program. The federal government's role is to provide program oversight by ensuring that the obligations under Farm Income Protection Act, the Canada Production Insurance Regulations and the Federal-Provincial-Territorial Framework Agreement (currently Growing Forward 2) are respected.
AgriInsurance is delivered provincially. Please visit the provincial administration website.
- British Columbia
- New Brunswick
- Newfoundland and Labrador
- Nova Scotia
- Prince Edward Island
1341 Baseline Rd. Tower 7, Floor 3
Growing Forward 2 , a federal-provincial-territorial initiative
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