Comments on Funding:
The federal and provincial governments help to make production insurance affordable by sharing the cost of premiums with producers and by co-funding program administration.
Other Things to Note:
- The objective of the AgriInsurance (formerly Production Insurance and Crop Insurance) program is to mitigate the financial impacts of production losses by providing affordable insurance protection and by offering reinsurance.
- Each province develops and delivers AgriInsurance plans in accordance with the Farm Income Protection Act, the Canada Production Insurance Regulations and Multilateral Framework Agreements to meet the needs of the producers in that province.
- Program accepting applications according to sources.