Agricorp knows producers have many important decisions to make for their businesses this time of year, including risk management plans. Agricorp is here to help make some of these choices a little easier.
Producers may have the same risk management coverage they've had for years, so with application and renewal dates around the corner for many programs, now is a good time for them to make sure their coverage matches what their farms look like today.
Producers should double check the details in their renewal packages and let Agricorp know if they have any changes. Accurate and up-to-date information ensures they pay the right amount for coverage, receive the right payment in the event of a claim, and get prompt, efficient service when they need it.
AgriStability helps with large margin declines
When producers are reviewing their
AgriStability renewals, they should think about the following things:
- Producers should advise Agricorp of changes to their corporate structure.
- If producers use an agent, they should make sure Agricorp has the agent's current information.
- Producers should pay the fee by the date on their invoice to avoid late penalties.
- To learn about the latest program changes, producers may call Agricorp to speak with an AgriStability Specialist.
Production Insurance helps with yield reduction and production loss
When producers are reviewing their
Production Insurance renewals, they should think about the following things:
- Producers should make sure their chosen coverage level still gives them the right amount of peace of mind.
- Producers should let Agricorp know if they are planting a crop that they haven't insured in the past.
- Producers should tell Agricorp now if they plan to increase the acres they plant by more than 10 per cent to ensure they have sufficient coverage.
- Producers should note the planting dates they need to meet for each of their crops.
Risk Management Program helps with adverse market conditions
When producers are reviewing their
Risk Management Program renewals, they should think about the following things:
- Producers should make sure their chosen coverage level still gives them the right amount of peace of mind.
- Producers should check the details of any share or lease, joint ownership, or custom-feeding arrangements and notify Agricorp of changes to confirm eligibility.
- Producers should confirm their insured livestock production reflects their anticipated sales.
- RMP: Grains and Oilseeds uses Production Insurance data. Producers should check crop details on both renewals.
Related stories
