AgriInsurance Program

Growing Forward 2: 2013-2018

Federal, provincial and territorial (FPT) Ministers of Agriculture have reached agreement on the five-year Growing Forward 2 policy framework. Governments will continue to deliver a complete and effective suite of business risk management (BRM) programs. New program parameters will be in place by April 1, 2013.

Read about upcoming changes to the Business Risk Management programs.

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. Available Funding Premiums for AgriInsurance coverage are cost-shared between the producer, the province and the federal government.

Objectives

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.

Available Funding

Premiums for AgriInsurance coverage are cost-shared between the producer, the province and the federal government.

Program Delivery

Each province currently has either a Crown Corporation or a branch of the provincial agriculture department responsible for administering the AgriInsurance program. Much work has been done to make a full range of new insurance products available to producers. Under this dynamic program, the development of new options is ongoing.


Growing Forward, a federal-provincial-territorial initiative