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Purposes
Stocker Loans are available for:
- purchase of steer and heifer calves, deeder cows and lambs
- cash advance to retain producer’s own feeder cattle or lambs
- purchase of unbred heifers to be bred and sold within 12 month period
Your Roadmap for AgriInsurance
Stay on track with key dates, deadlines, and reminders!
Your MASC insurance specialist is here to keep you on the path to success! We’ll touch base throughout the year to support you and your operation every step of the way. Download a PDF version of the AgriInsurance Roadmap to have on file.
Five Featured Products
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Three Featured Products
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Two Featured Products
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How to Apply for Insurance
Applying for insurance should be easy! Access instructions on selecting and applying for the right program and coverage level.
How to File a Claim
Access instructions and resources on filing claims for the various insurance programs.
How to File a Report
Access instructions and resources to file your Seeded Acreage Report and Harvested Production Report.
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Borrowing with MASC Video
As a young farmer, there’s a lot to manage, but we’ve made it easy to apply for financing. MASC has created a helpful video to explain the loan application process, so you know exactly what to expect. Watch the video to learn what you need to get started.
BONUS: by watching the video, you’ll be eligible for the Young Farmer Fee Credit, waiving your loan application fee!
Knowledge Centre
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Livestock Price Insurance Bundle
If you use a Stocker Loan to finance livestock and purchase a Livestock Prince Insurance (LPI) policy for feeder cattle, you are eligible for a one-time interest rebate of 0.25 per cent of the disbursed Stocker Loan amount.
Note: the purchased LPI policy must be of equal or greater insurable value than the Stocker Loan amount.
Example:
A producer finances 100 calves each worth $1,500 for a total Stocker Loan of $150,000. The producer also purchases an LPI-Feeder policy for 850 cwt at a coverage level of $220 per cwt, for a total insurable value of $187,000.
Since the value of the LPI policy exceeds the Stocker Loan amount, the producer will receive a rebate of $375 ($150,000 x 0.25 per cent).
Hail Claim Examples
Example 1
You purchase $400 per acre coverage of hail insurance on 150 acres of canola. After a hailstorm, an adjustor inspects the damage and determines that there is a 38 per cent loss in yield.
Hail coverage: $400 / acre
Percentage loss: 38 per cent
Your indemnity: $400 x 38 per cent x 150 acres = $22,800x
Example 2
You purchased $400 per acre of hail insurance on 80 acres of flax. An adjustor inspects the field and determines that 40 acres has less than 5 per cent damage and the other 40 acres has 11 per cent damage.Hail coverage: $400 / acre
Percentage loss: 40 acres (less than 5 per cent) = no indemnity, 40 acres with 11 per cent damage
Your indemnity: $400 x 11 per cent x 40 acres = $1,760
Board of Directors
The Board is responsible for the overall stewardship of the Corporation. It sets MASC’s strategic direction and organizational objectives, with the assistance of Executive Management.
The Board also makes recommendations to the Minister of Agriculture on future programming, ensures that the corporate governance policies by which MASC operates are relevant and current, and is responsible to oversee and monitor corporate operations according to applicable legislative requirements and with acceptable levels of risk. It reviews MASC’s financial reporting, actuarial, and audit functions, and provides final approval of all applicable budgets.
The Lieutenant Governor in Council appoints MASC’s directors and designates one director as chair and one director as vice-chair. The Board of Directors is to consist of not fewer than five and not more than nine directors.
Board of Directors
John Plohman – Chair
Don Kostesky – Vice Chair
Brian Brown Kristy-Layne Carr
Rayna Gleich
Paul Gregory
Mary Johnson
Gurjaspal Singh Bala
1. Excess Moisture Insurance
Excess Moisture Insurance compensates producers who cannot seed their crops before June 20 due to excessively wet conditions. Excess Moisture Insurance is a basic component of the AgriInsurance program.
How to File:
Claim Deadline: For full claim benefits, you must submit your Seeded Acreage Report by June 22 (to allow for adjustor in-field verifications), which is earlier than the final June 30 deadline for Seeded Acreage Reports. Claims registered after June 22 but on or before June 30 are charged a late filing fee (25 per cent of the claim, maximum $1000).
Claim Process: Excess Moisture Insurance claims are automatically initiated by information you enter on your Seeded Acreage Report. After submitting your Seeded Acreage Report, an adjustor will typically complete an in-field verification of the claim. Once verified, your claim will be processed and payment will be made via your preferred payment method.
2. Reseed / Stage 1 Claim Information
Stage 1 claims apply to early season losses (prior to and including June 20 for most crops). A ‘Reseed Benefit’ also applies if the original crop is reseeded to the same or another insured crop by the applicable seeding deadline.
Claim Deadline: Submit your Seeded Acreage Report by June 30 with information that supports your claim.
Claim Process: Excess Moisture Insurance claims are automatically initiated by information you enter on your Seeded Acreage Report. After submitting your Seeded Acreage Report, an adjustor will typically complete an in-field verification of the claim. Once verified, your claim will be processed and payment will be made via your preferred payment method.
3. Pre-Harvest (Stage 2UH) Claim FAQs
Pre-Harvest Stage 2UH claims apply to losses that occur after June 20 and prior to the crop being destroyed, put to alternate use, or harvested.
How to File: Contact an MASC Service Centre to initiate a Pre-Harvest Stage 2UH claim.
Claim Deadline: Depending on circumstances, Pre-Harvest Stage 2UH claims can be filed anytime between June 20 and when you submit your Harvested Production Report by November 30.
Claim Process: Damaged crops must be inspected prior to destruction. Once appraised and you’ve signed the claim, damaged acres can be destroyed. For crops put to alternate use, you are required to provide MASC with a 10-day notice (minimum) prior to taking any action.
In any case, it is your responsibility to advise MASC if you think you are in a claim position. Once your claim is finalized, it will be processed and payment will be made via your preferred payment method.
4. Post-Harvest Claim FAQs
Post-Harvest claims apply when the crop is harvested but production falls below coverage.
Claim Deadline: Submit your Harvested Production Report by November 30 with information that supports your claim.
Claim Process: Post-Harvest claims are automatically initiated by information you enter on your Harvested Production Report. If you think you have a claim that has not been recorded, please contact an MASC Service Centre. If you harvest a crop that has a marginally small claim, it may not register automatically by filing your Harvested Production Report. In all cases it is your responsibility to advise MASC that you are in a claim position.
Once your claim is identified, an adjustor may visit to verify harvested production, measure acres, and collect representative samples and other relevant information. Once your claim is finalized, it will be processed and payment will be made via your preferred payment method.
New and Noteworthy
An overview of what’s new and important for the upcoming seeding and hail seasons.
Seeded Acreage Report and Hail Insurance Application Instructions
Instructions for filling out your Seeded Acreage Report and completing your Hail Insurance application.
Seeded Acreage Report for Forages
Instructions for filling out your SAR if you’ve seeded forages, you have existing forages or forage seed fields, or you’ve selected pasture as an insurable crop.