Among the improvements are:
- Offering higher coverage for pedigreed soybeans, taking into account the cost of producing them. Soybeans are anticipated to be the largest pedigreed crop in the province for 2015
- Making the guaranteed grade for oil sunflowers #1 Canada from #2 Canada.
- Making the escalating coarse hay deductible a flat rate of 20% for the Harvest Flood Option
"AgriInsurance is the first line of response for producers dealing with weather related damages to their crops," said Agriculture Minister Gerry Ritz in a release. "We continue to work closely with Manitoba to ensure producers have access to predictable and bankable programming designed to meet their needs."
Under AgriInsurance programs, the cost is split as follows:
- 40% by the participating farmers
- 36% by federal government
- 24% by Manitoba government
Administrative fees are 60% the responsibility of the federal government and 40% by Manitoba.
"Every year, Manitoba's insurance and risk management programs are adjusted based on feedback from producers and other stakeholders,” said Ron Kostyshyn, Manitoba’s Agriculture, Food and Rural Development Minister in a release. “These changes help provide a strong risk management framework for crop and livestock producers, young farmers and those affected by flooding and other challenges."