Is the Production Insurance Forage Rainfall Program right for you?

The Production Insurance Forage Rainfall Program may be a good fit for you. The forage rainfall plan uses rainfall as an indicator of quantity and quality of forage.  There are two coverage options available:

•Insufficient rainfall

•Excess rainfall

 Insufficient Rainfall

The insufficient rainfall option protects against insufficient rainfall only. If the measured rainfall at the station you choose during the insured period is less than 85 per cent of the long-term average rainfall for your area, a claim may be paid.  The producer can chose the rainfall collection station data to use.

Excess Rainfall

The excess rainfall option provides protection against excess rainfall during the chosen harvest period.  The producer selects a rainfall threshold of 5 mm or 7 mm. If you do not have any consecutive five-day windows in your intended harvest period with less rainfall than your chosen threshold, a claim will be paid.

Visit Agricorp for full program details

Source
Agricorp http://www.agricorp.com/en-ca/Programs/ProductionInsurance/ForageRainfall/Pages/HowItWorks.aspx

 

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