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What's New in 2011 - MASC Insurance
Dollar Coverage is Increasing
Dollar values for insured crops have increased by 9.9% on average. This, combined with an average increase in probable yields (long-term average yields) of 1.6%, results in the insurance coverage available to producers in 2011 increasing by 11.5%.
Increased Discount for Hail Insurance
Producers selecting the Continuous Hail Insurance Option (CHIO) will be eligible for an increased premium discount (above the base 2%) if they maintain this coverage for more than two years. The discount will increase by 1% each year to a maximum of 5% in the fifth year of continuous participation. If producers do not maintain continuous participation, they will revert to the base 2% discount when they re-enrol in CHIO and will only be eligible for the additional discount after more than 2 years of consecutive participation.
Pasture Days Insurance Pilot Program Continues
Introduced last year, Pasture Days Insurance will continue to be offered on a limited basis as a pilot program in 2011. This program provides protection against pasture production shortfall over the course of the grazing season, and pays an indemnity when the insured producer has to remove livestock from pasture and/or start supplemental feeding earlier than normal.
Grade Guarantee for Field Peas Revised
The grade guarantee for field peas has been changed from #3 Canada to “Marketable Production”. The insured dollar value for field peas has also increased to reflect the average price of #2 Canada and #3 Canada.
Honey Bee Overwinter Mortality Insurance Introduced
In response to high losses experienced by Manitoba beekeepers in recent winters, protection against overwinter honey bee colony losses will be introduced in 2011.
Forage Establishment Insurance (FEI) Changes
The final seeding deadline for spring seeding of eligible Forage Establishment Insurance (FEI) crops has been extended to June 25 (from June 20). Fall seeding of alfalfa, clover and sainfoin is now insurable. The fall seeding period for perennial grasses (excluding perennial ryegrass seed), alfalfa, clover and sainfoin is July 25 to August 15, inclusive. The date for filing FEI claims has been extended to June 25 (from June 20). Also, beginning in 2011, native grasses are no longer eligible for Forage Establishment Insurance.
Earlier Dates for Notice of Claim
The deadline for filing claims for Native Hay and Forage Restoration has been changed to September 30 (from October 1).
Wildlife Damage Compensation Increased
The level of compensation for damage caused by livestock predators, big game and migratory waterfowl will increase from 80% to 90% effective April 1, 2011, and to 100% effective April 1, 2012. The top-up (above 80% of loss) will be funded entirely by the Manitoba Government, with the initial 80% being funded 60/40 by the federal/provincial governments.
