Excess moisture insurance coverage levels in Manitoba increasing for 2023 crop year
News release
October 6, 2022 – Winnipeg, Manitoba – Agriculture and Agri-Food Canada
Manitoba producers will receive higher Excess Moisture Insurance (EMI) coverage levels as part of the AgriInsurance program for the 2023 crop year, federal Agriculture and Agri-Food Minister Marie-Claude Bibeau and Manitoba Agriculture Minister Derek Johnson announced today.
Basic EMI coverage is a standard feature of the AgriInsurance program that provides protection against the inability to seed due to wet conditions. Producers can choose increased coverage options at higher premiums. Since 2000, basic EMI coverage has been $50 per acre, while higher coverage options increased in 2014 to $75, and $100 per acre. For 2023, basic coverage will increase to $75 with higher coverage options increasing to $100 and $125.
These changes were made in consultation with producer groups that have expressed interest in higher coverage levels due to rising costs of farming. The province’s share of premiums for the 2023 EMI program is estimated to be $8.6 million.
MASC will send EMI confirmation letters to all existing AgriInsurance clients later this month to reflect the new coverage levels and premiums. Producers have until November 30 to make changes to their EMI coverage for 2023 by contacting a MASC Service Centre.
Quotes
“Extreme weather conditions continue to challenge and threaten the viability of many producers. With the increasing cost of inputs, these enhancements to the AgriInsurance program’s Excess Moisture Insurance will allow for greater coverage in the event of financial losses.”
- The Honourable Marie-Claude Bibeau, Minister of Agriculture and Agri-Food
“The excessive moisture during the growing season this year brought extremely challenging conditions for producers across our province. The AgriInsurance program exists for them in these kinds of situations. The newly increased coverage provided through Manitoba Agricultural Services Corporation will bring further assistance and relief to those who need it most.”
- Derek Johnson, Manitoba Minister of Agriculture
Quick facts
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Manitoba Agricultural Services Corporation (MASC) reports there were 866,000 unseeded acres in Manitoba this year (approximately 8% of the total acres), resulting in estimated EMI indemnities of $53.5 million.
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Under the Canadian Agricultural Partnership, AgriInsurance premiums for most programs are shared 40% by participating producers, 36% by the Government of Canada, and 24% by the Manitoba government. Administrative expenses are paid 60% by Canada and 40% by Manitoba.
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Contacts
For media:
Marianne Dandurand
Press Secretary
Office of the Minister of Agriculture and Agri-Food
marianne.dandurand@agr.gc.ca
343-541-9229
Media Relations
Agriculture and Agri-Food Canada
Ottawa, Ontario
1-866-345-7972
aafc.mediarelations-relationsmedias.aac@agr.gc.ca
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Ross Romaniuk
Press Secretary
Minister of Agriculture and Resource Development
Government of Manitoba
Ross.Romaniuk@leg.gov.mb.ca
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