Grain markets are reacting to global events, and prices can change quickly. While higher prices can create opportunity, they can also introduce risk, especially when contracted prices rise faster than insured values. MASC’s Contract Price Option (CPO) is an important tool for Manitoba farmers to help them manage risk.
AgriInsurance dollar values are set before the growing season and determine available coverage for production losses. For contracted crops, the Contract Price Option allows farmers to blend contracted prices with AgriInsurance values to better reflect expected market prices.
To take advantage of the Contract Price Option, be sure to submit your contracted prices by June 30.
Ask an Expert: How CPO Can Work for You
Walk through CPO with insurance specialist, Rachel Jensen, to learn how it works and why it can be a valuable risk management tool.
Looking for More Info? We’re Here to Help!
For questions about the Contract Price Option, contact your local MASC insurance specialist.