It’s been a difficult season for many farmers across the province. It started with the late spring planting followed by cooler and wetter-than-normal weather during the growing season. Now, difficult harvest conditions and volatile markets are leaving many farmers concerned about their yields, market prices and getting crops off the fields. Here’s what customers need to know about their coverage.
Unable to plant winter wheat
Farmers who are unable to plant some or all of their winter wheat acres need to call Agricorp immediately to keep their 2015 Production Insurance active. Keeping coverage active means they will continue to receive renewals, keep discounts on their account, and remain eligible for RMP. Agricorp is mailing more details to customers who have not yet reported.
Yield shortfalls
Production Insurance plans for grains and oilseeds guarantee a level of production, based on yield history and the level of coverage chosen. Claims are paid when an insured peril, like excessive rainfall and frost, causes final yield to fall below the guaranteed production. If customers notice crop damage, they need to contact Agricorp right away to open a damage report.
Reporting when harvest is delayed
Yield reports are due December 15. If wet conditions delay harvest beyond the yield reporting deadline, customers still need to call Agricorp to report damage or a partial yield so we can keep their coverage active until harvest is complete.
Claims are based on the chosen price option. 2014 claims will be paid using the following prices:
| Crop | Floating claim price
($/bu) | Fixed claim price
($/bu) |
|---|
| Corn | $4.0993 | $3.68 |
| Soybean | $10.0928 | $10.24 |
Market prices lower than support levels
RMP: Grains and Oilseeds helps offset losses caused by low commodity prices and rising production costs. Payments are made if a crop’s market price falls below the annual support level.
Cheques will be mailed in the coming weeks for the following crops and coverage levels:
| Crop | Coverage level |
| 80% | 90% | 100% |
|---|
| Canola | x | x | x |
| Corn | | x | x |
| Popping corn | | x | x |
| Soybeans | | | x |
| Spring grain | x | x | x |
| Spring wheat | | | x |
Pre-harvest market prices are posted in the
RMP: Grains and Oilseeds section of agricorp.com.
Call Agricorp at 1-888-247-4999, 7 a.m. to 5 p.m., Monday to Friday for more information or to report outstanding winter wheat acres.
