Production Insurance

2025 Production Insurance Plan Changes

The following changes were made in the Production Insurance Plans:

  • Creamer Crops – Base cullage rates for stored inventory shall be assigned.
  • Pulse & Dry Beans - combined into one schedule.
  • Coverage for Buckwheat has been suspended.
  • Apple underwriting deadline November 30th before crop year.
  • Requirement to participate in Apple fruit coverage (if eligible), to be eligible for Apple Tree coverage.

What does production insurance cover?

Production Insurance covers a range of crops and livestock. Some examples are potatoes, spring cereals, soybeans, grain corn and silage corn, edible soybeans, winter cereal grains, canola, specialty oilseeds, horticultural crops, perennial fruit crops, forage crops, bees and cattle. 

All contracts are available online, or a physical copy can be obtained from the office or your Insurance Officer.

  • AgriInsurance Agreement
  • Livestock Agreement
  • Fall Perennial Agreement

Production Insurance covers production loss during the crop year caused by one or more of the following designated perils, which are found in Section 8 of the AgriInsurance Agreement:

  • Insect infestation and plant disease;
  • Hail;
  • Frost;
  • Drought;
  • Excessive moisture;
  • Wind;
  • Damage from wildlife; and
  • Any other unavoidable loss due to adverse weather conditions beyond the control of the insured. 

Program Riders are also available as additional coverage options. There are four (4) program riders, producers can choose from: Potato Storage, Colour Rider, Unhravested Acres Benefit, and Phytosanitary. For more details on these coverage options visit the AgriInsurance Program Riders page. 

Unit prices

The unit price list is updated every year. To view the current year's unit price list click here. Unit prices will be updated as available. 

 

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Published date: 
March 2, 2023
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General Inquiries

P.E.I. Agricultural Insurance Corporation
7 Gerald McCarville Drive
Kensington, PE
Fax: 902-836-8912

Mailing Address: PO Box 400, 
Kensington, PE C0B 1M0

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AgriInsurance: 
902-836-0439

AICInsurance@gov.pe.ca

AgriStability and AgriInvest:
902-836-0435 

AICStability@gov.pe.ca