September 26, 2024
Ontario farmers can now insure rye (grown as grain) for the first time under Production Insurance by contacting Agricorp before
November 8, 2024 to apply. The government added this coverage to better meet farmers' risk management needs, recognizing the growing popularity and increased planting of this commodity.
This coverage provides the benefits of winterkill, replant, and production loss coverage.
Farmers get a guaranteed level of rye production based on their own farm's average farm yield (AFY). Claims are paid when their actual rye yield falls below their guarantee. Since new customers won't have historical rye yields already reported to Agricorp, Agricorp will assign an underwritten 5-year AFY that is based on a variety of factors, such as soil type, drainage, and township averages. Each year a farmer participates, their actual rye yield replaces an underwritten yield until their AFY is composed entirely of their own yields.
This coverage also provides
yield buffering, which can stabilize coverage when yields are unusually high or low.
For more information, customers can visit
agricorp.com.
Other program coverage
Rye is also covered under the Risk Management Program (RMP) for grains and oilseeds, available in the spring. Since Production Insurance is an eligibility requirement for RMP, customers will need to add rye (grown as grain) to their Production Insurance policy by November 8, 2024.
For Ontario farmers who grow rye as cover crop or forage, Agricorp also offers Production Insurance for new forage seeding in the spring. For more information, visit
agricorp.com.
