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The Crop Averaging Program groups the customer’s insured crops, reducing the risk for insuring those crops. That reduced risk is returned to the enrolled producer as increased coverage at the same premium as 80 per cent coverage under the multi-peril program.
Crops eligible for crop averaging coverage are:
- hard red spring wheat
- Canada Prairie spring wheat
- durum
- barley
- oats
- flax
- canola
- field peas
- canary seed
- large green lentils
Irrigated acres are not eligible for this coverage.
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CAP Coverage |
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Customers in the Crop Averaging Program must select 80 per cent coverage at the base price. Coverage you receive above 80 per cent and up to 90 per cent is calculated based on the crops and number of acres of each crop you plan to seed. You must endorse all CAP eligible crops you intend to seed. (example)
To determine your additional coverage, please use the CAP coverage and premium “what-if” calculator. The CAP calculator will provide you with the coverage possibilities depending on the combination of crops and number of acres selected.
The CAP calculator will provide you with coverage information based on the crops discussed with your customer service office prior to March 31. Changing your seeding plans or updating your individual coverage after March 31 may affect your coverage level above 80 per cent. However, CAP customers will always have a minimum 80 per cent coverage.
If your seeding plans change and you would like to know how it will impact your CAP coverage, contact your customer service office. If you seed an eligible crop you did not endorse under the Crop Averaging Program by March 31, it will automatically be endorsed and included, according to the information you provide on your Seeded Acreage Report. Crop Averaging Program coverage will be recalculated based on the endorsed acres or changes to acres as provided on your Seeded Acreage Report.
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Claims |
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A CAP claim is paid based on the total value of crops produced compared to the dollar coverage on all crops. The dollar value is used to calculate the total production loss; CAP does not provide a guarantee of market price. (example)
You must declare all of your production before a claim can be filed. Your Statement of Indemnity will
include your final claim calculation.
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