What this program offers
AgriInsurance aims to reduce the financial impacts of production losses by providing affordable insurance protection and by offering reinsurance.
AgriInsurance is a federal-provincial-producer cost-shared program, delivered provincially, that stabilizes your income by minimizing the economic effects of primarily production losses caused by severe but uncontrollable natural hazards.
Examples of possible eligible perils:
- excessive rain, heat, snow
- uncontrolled disease
- insect infestations
You get a payment when you experience a production loss during the year. We contribute a portion of total premiums and administrative costs to this provincially delivered program. We also provide a reinsurance arrangement (deficit financing) to provinces.
Provinces that participate in the reinsurance arrangement
Currently, 5 provinces participate in the reinsurance arrangement:
- New Brunswick
- Nova Scotia
Commodities covered by the program
Each province develops and delivers AgriInsurance plans in accordance with the Farm Income Protection Act, the Canada Production Insurance Regulations and Multilateral Framework Agreements to meet the needs of the producers in that province. These plans help to cover production losses as well as loss of product quality and both yield and non-yield based plans are offered.
Examples of traditional crops the plans cover:
Examples of horticultural crops the plans cover:
Some provinces also provide coverage for bee mortality as well as maple syrup production.
To expand the program beyond crops, we developed directives for offering livestock production insurance. Under the Canadian Agricultural Partnership, there are clear guidelines for provinces to develop and implement livestock plans under AgriInsurance.
Who is eligible
The program is currently available to most producers in all provinces. Eligibility criteria for this program, as established at the provincial level, will continue to evolve as provinces add new commodities to their lists of insurable agricultural products. The Provincial contact information section provides links to program details in each province.
How the program is funded
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.
How the program is delivered
Each province currently has either a Crown corporation or a branch of their provincial agriculture department responsible for administering the program. Our 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 the Canadian Agricultural Partnership) are respected.
Provincial contact information
Visit your provincial administration's website for more information about the program.
- British Columbia
- New Brunswick
- Newfoundland and Labrador
- Nova Scotia
- Prince Edward Island
1341 Baseline Road, Tower 7, Floor 8