Update on risk management programs for Manitoba
By Government of Manitoba
Manitoba farmers will continue to benefit from comprehensive coverage provided through AgriInsurance and the Western Livestock Price Insurance Program in the upcoming season.
Total AgriInsurance coverage for 2017 is expected to exceed $2.6 billion on 9.6 million acres in Manitoba, the second-highest level of coverage on record. AgriInsurance coverage is increasing on average by seven per cent, while premium rates are down by an average of four per cent, as compared to last year.
More than 8,400 farms are enrolled in AgriInsurance. Manitoba has the highest level of AgriInsurance participation in Canada, covering over 90 per cent of annual crop acres. The total governments’ share of AgriInsurance premiums for 2017-2018 is expected to be $136.3 million.
Under AgriInsurance, premiums for most programs are shared 40 per cent by participating producers, 36 per cent by the Government of Canada and 24 per cent by the Manitoba government. Administrative expenses are paid 60 per cent by Canada and 40 per cent by Manitoba.
For more information about AgriInsurance, WLPIP or other programs, visit a local MASC office or www.masc.mb.ca