Crop insurance (ASREC) protects your crops against the risks associated with adverse weather conditions and uncontrollable natural phenomena. This program offers individual and collective protection.
Crops insurable under ASREC are:
Risks covered are:
Two types of protection are offered depending on the crop. Protection is collective for hay and corn silage. It can be collective or individual for cereals and grain corn, while it is individual for the other crops. The main differences between the two protections are:
For each insured crop, a probable yield is established based on available statistics and then an insurable yield can be established. The probable yield is specific to each farm business. Consult the coverage summary of the crop in question to find out more.
If your operation qualifies for a grant through the Financial Support Program for Aspiring Farmers, you can obtain a discount, if you apply for it, for each of your qualifying operators, of 25% off your ASREC contributions, up to $2500 annually for your overall insured products. The discount will be for three consecutive insurance years starting in the 2019 insurance year.