MCIC Annual Report 2004-2005
MCIC paid $198 million in Production Insurance claims in 2004-05. This represents the largest payout in the Corporation’s history, but ranks fifth highest in terms of severity of loss (indemnities divided by coverage).
MCIC paid $198 million in Production Insurance claims in 2004-05. This represents the largest payout in the Corporation’s history, but ranks fifth highest in terms of severity of loss (indemnities divided by coverage).
In the 2003 crop year, we experienced our highest Production Insurance (PI) participation to date, with 9.25 million acres and $1.35 billion of liability being insured. Correspondingly, premiums totaled $112 million.
MACC’s suite of lending products supports agricultural producers as they employ new technologies and policies to produce safe, quality, world-class products.
With MACC strategically located throughout rural Manitoba, we are well positioned to effectively deliver government programs using existing staff and resources. We can relate to producers’ situations because we live, work and in some cases farm right along with them in their communities.