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Pasture Insurance
Pasture Insurance provides additional financial assistance to tame hay producers to cover potential losses resulting from shortfalls in summer grazing capacity. Coverage is determined on the eligible livestock pastured, and claims are based on your tame hay production.
You must be enrolled in the Tame Hay Insurance program to enroll in the Pasture Insurance program, and the same coverage level must be selected for both programs. Eligible producers can purchase Pasture Insurance at the {program_details::coverage1}%, {program_details::coverage2}% or {program_details::coverage3}% coverage levels.
- Eligibility
- Costs & Coverage
- Deadlines
- Claims
- Links
Eligibility
Eligible Producers
Pasture Insurance has been available to all Manitoba producers since 2004. To qualify for Pasture Insurance, you must have an active MASC AgriInsurance contract, grow and select tame hay for coverage, and pasture eligible livestock.
Eligible Livestock
Eligible livestock include:
- beef cattle, dairy cattle, and bison (cow/calf pairs, open cows & bulls, bred cows & heifers, yearling calves, steers & heifers)
- horses
- donkeys
- mules
- sheep
- goats
- deer
- alpacas
- llamas
- elk
Note: Tame Hay stands must be established and insured, and MASC must accept the stand for insurance. For more information contact your local MASC Insurance office.
Costs & Coverage
Coverage
Producers can select {program_details::coverage1}%, {program_details::coverage2}%, or {program_details::coverage3}% coverage level. The livestock's category determines its dollar coverage. There are 3 livestock categories: low, medium, and high consumption livestock.
| Low Consumption | Medium Consumption | High Consumption |
|---|---|---|
|
|
|
| Dollar Value: ${low::per_cow} per animal | Dollar Value: ${medium::per_cow} per animal | Dollar Value: ${high::per_cow} per animal |
Note: Coverage is determined by the number of eligible livestock kept in a specified pasture. All eligible livestock must be insured up to, but no more than, one high consumption livestock equivalent for each insured tame hay acre.
Coverage Examples
John Farmer has 90 acres of insured tame hay and 85 eligible horses (high consumption livestock equivalent). He's selected 80% coverage on both Pasture and Tame Hay Insurance.
| Coverage: | = total eligible livestock x coverage level x dollar value = 85 x 80% x ${high::per_cow} = $. |
|---|
Jane Farmer has 60 acres of insured tame hay and 85 yearling calves (medium consumption livestock equivalent). She selected 80% coverage on both.
| Coverage: | = total eligible livestock x coverage level x dollar value = 85 x 80% x ${medium::per_cow} = $. |
|---|
J. Johah Farmer has 60 acres of insured tame hay and 85 bred heifers (high consumption livestock equivalent). He selected 70% coverage on both.
| Coverage: | = total eligible livestock* x coverage level x dollar value = 60 x 70% x ${high::per_cow} = $. |
|---|
* Eligible livestock are restricted to 60 animals due to the 1:1 ratio requirement - 1 animal for each acre of tame hay)
Premium Costs
Pasture Insurance premiums depend on your selected coverage level, type of livestock, and the Forage Regions where you grow tame hay. Each of the 35 Forage Designated Areas is associated with a larger Forage Region (as shown on the Forage Regions map, at right).
Deadlines
| Date | Last Day to... |
|---|---|
| March 31st |
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| June 30th |
* Producers who do not declare their livestock by June 30th may have their eligible livestock numbers reduced to zero. |
| November 30th |
|
Claims
You do not need to file a claim for Pasture Insurance. Instead, a claim is automatically generated whenever you have a payable claim for Tame Hay Insurance. You will receive the same payout percentage for the Pasture Insurance claim as calculated for the Tame Hay Insurance claim. For example, if you receive an indemnity equal to 50% of your Tame Hay Insurance coverage, then you will receive an indemnity equal to 50% of your Pasture Insurance coverage.
A rancher has taken out Pasture Insurance coverage for 85 horses, totalling $3,400. With his Tame Hay coverage provided as a production value guarantee, he grows 100 acres of alfalfa, 80 acres of grass and 20 acres of alfalfa grass.
| Production Value Guarantee (sum of the dollar coverages of each crop type grown) |
= acres x coverage (in tonnes) per acre x dollar value per tonne |
|---|---|
| Alfalfa: | = 100 acres x 2.48 tonnes/acre x ${alfalfa::per_tonne}/tonne = $. |
| Grass: | = 80 acres x 1.49 tonnes/acre x ${grass::per_tonne}/tonne = $. |
| Alfalfa / Grass mix: | = 20 acres x 1.98 tonnes/acre x ${mix::per_tonne}/tonne = $. |
| Total Production Guarantee: | = $. |
| Value of Harvested Production | = harvested or appraised tonnes of each crop x dollar value per tonne |
|---|---|
| Alfalfa: | = 65 tonnes x ${alfalfa::per_tonne}/tonne = $. |
| Grass: | = 82 tonnes x ${grass::per_tonne}/tonne = $. |
| Alfalfa / Grass mix: | = 27 tonnes x ${mix::per_tonne}/tonne = $. |
| Total Value of Harvested Production | = $. |
| Indemnity: | = production value guarantee - value of harvested production = $. |
|---|---|
| Tame Hay Payout Percentage: | = (indemnity / production value guarantee) x 100 = .% |
| Pasture Insurance Payout: | = tame hay payout percentage x Pasture Insurance coverage = $. |
Related MASC Links |
External Links |
