AgriInsurance Program
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