Author: Roger Stephen Chychota
Publisher:
ISBN:
Category :
Languages : en
Pages : 138
Book Description
Variations in crop yields cause variations in farm incomes. To help stabilize the income from crop production most Manitoba farmers may insure their crops against unavoidable losses with hail insurance and all-risk crop insurance. The all-risk crop insurance in Manitoba protects against losses due to all unavoidable losses including hail. However, this insurance does not cover to the full value of the insured crops. The coverage is sixty percent of the long-term average yield of the crop in each area. Only crops which yield below the coverage level are indemnified the amount the actual yield is different from the coverage level. Hail damage on crops is in most cases not to the extent that the crop qualifies for indemnity from all-risk crop insurance ... Three alternatives were examined in the study to determine the alternative which would give the best protection against the crop losses due to hail damage and all other unavoidable causes ... The proposed crop-hail insurance program offers separate coverage for hail damage under the all-risk crop insurance program. Some conclusions drawn from the study are: (1) All-risk crop insurance does not apparently offer adequate protection against hail damages. (2) Separate coverage for hail under the all-risk crop insurance is feasible in an area where hail damage is to the extent that the average crop yield is not brought substantially below the all-risk crop insurance coverage level. A program of this type would be feasible in the Russell and Silvercreek Municipalities of Manitoba. (3) A feasible crop-hail insurance program is one which offers better protection to the farmers than any existing formal insurance or any conceivable alternative. It is also a self-sustaining program which may be put into operation by an insurer such as the Manitoba Crop Insurance Corporation, providing that the portion of the yield variability between farms attributable to the risk hail, may be estimated from past records of an all-risk crop insurance program ...
A Study on the Feasibility of a Crop-hail Insurance Program in Manitoba
Author: Roger Stephen Chychota
Publisher:
ISBN:
Category :
Languages : en
Pages : 138
Book Description
Variations in crop yields cause variations in farm incomes. To help stabilize the income from crop production most Manitoba farmers may insure their crops against unavoidable losses with hail insurance and all-risk crop insurance. The all-risk crop insurance in Manitoba protects against losses due to all unavoidable losses including hail. However, this insurance does not cover to the full value of the insured crops. The coverage is sixty percent of the long-term average yield of the crop in each area. Only crops which yield below the coverage level are indemnified the amount the actual yield is different from the coverage level. Hail damage on crops is in most cases not to the extent that the crop qualifies for indemnity from all-risk crop insurance ... Three alternatives were examined in the study to determine the alternative which would give the best protection against the crop losses due to hail damage and all other unavoidable causes ... The proposed crop-hail insurance program offers separate coverage for hail damage under the all-risk crop insurance program. Some conclusions drawn from the study are: (1) All-risk crop insurance does not apparently offer adequate protection against hail damages. (2) Separate coverage for hail under the all-risk crop insurance is feasible in an area where hail damage is to the extent that the average crop yield is not brought substantially below the all-risk crop insurance coverage level. A program of this type would be feasible in the Russell and Silvercreek Municipalities of Manitoba. (3) A feasible crop-hail insurance program is one which offers better protection to the farmers than any existing formal insurance or any conceivable alternative. It is also a self-sustaining program which may be put into operation by an insurer such as the Manitoba Crop Insurance Corporation, providing that the portion of the yield variability between farms attributable to the risk hail, may be estimated from past records of an all-risk crop insurance program ...
Publisher:
ISBN:
Category :
Languages : en
Pages : 138
Book Description
Variations in crop yields cause variations in farm incomes. To help stabilize the income from crop production most Manitoba farmers may insure their crops against unavoidable losses with hail insurance and all-risk crop insurance. The all-risk crop insurance in Manitoba protects against losses due to all unavoidable losses including hail. However, this insurance does not cover to the full value of the insured crops. The coverage is sixty percent of the long-term average yield of the crop in each area. Only crops which yield below the coverage level are indemnified the amount the actual yield is different from the coverage level. Hail damage on crops is in most cases not to the extent that the crop qualifies for indemnity from all-risk crop insurance ... Three alternatives were examined in the study to determine the alternative which would give the best protection against the crop losses due to hail damage and all other unavoidable causes ... The proposed crop-hail insurance program offers separate coverage for hail damage under the all-risk crop insurance program. Some conclusions drawn from the study are: (1) All-risk crop insurance does not apparently offer adequate protection against hail damages. (2) Separate coverage for hail under the all-risk crop insurance is feasible in an area where hail damage is to the extent that the average crop yield is not brought substantially below the all-risk crop insurance coverage level. A program of this type would be feasible in the Russell and Silvercreek Municipalities of Manitoba. (3) A feasible crop-hail insurance program is one which offers better protection to the farmers than any existing formal insurance or any conceivable alternative. It is also a self-sustaining program which may be put into operation by an insurer such as the Manitoba Crop Insurance Corporation, providing that the portion of the yield variability between farms attributable to the risk hail, may be estimated from past records of an all-risk crop insurance program ...
Crop Insurance in Manitoba : a Report on the Feasibility and Practicability of Crop Insurance in Manitoba
Author: Manitoba. Economic Survey Board
Publisher: Manitoba : conomic Survey Board
ISBN:
Category : Agricultural insurance
Languages : en
Pages : 74
Book Description
Publisher: Manitoba : conomic Survey Board
ISBN:
Category : Agricultural insurance
Languages : en
Pages : 74
Book Description
An Economic Analysis of Crop Insurance Options in Manitoba
Author: Paul Swain Westdal
Publisher:
ISBN:
Category : Crop insurance
Languages : en
Pages : 0
Book Description
Interest in this study arose from a concern on the part of research scientists and the Manitoba Crop Insurance Corporation that the current Manitoba program meet its intended objective of investment protection at the lowest possible cost. The central role played by the crop insurance program in ameliorating the negative impact of variable farm income in Manitoba underscored the importance of the study. The fact that the current program deviated significantly from the model originally offered emphasized the need for a comprehensive evaluation of the program's ability to fulfill its central objective. Specifically in this study an attempt was made to establish whether or not the crop insurance options available in the current program offered producers in Manitoba a level of coverage sufficient to meet annual out of pocket costs for their wheat, oats, and barley enterprises. A similar comparison was conducted using the now defunct Improved Practises program. A related investigation was conducted to determine what additional costs, depreciation and consumption, might be covered by the higher coverage options where coverage surpluses were generated in excess of out of pocket costs. Finally the effect on the performance of crop insurance options of providing coverage using a five year moving average trend yield method was examined ...
Publisher:
ISBN:
Category : Crop insurance
Languages : en
Pages : 0
Book Description
Interest in this study arose from a concern on the part of research scientists and the Manitoba Crop Insurance Corporation that the current Manitoba program meet its intended objective of investment protection at the lowest possible cost. The central role played by the crop insurance program in ameliorating the negative impact of variable farm income in Manitoba underscored the importance of the study. The fact that the current program deviated significantly from the model originally offered emphasized the need for a comprehensive evaluation of the program's ability to fulfill its central objective. Specifically in this study an attempt was made to establish whether or not the crop insurance options available in the current program offered producers in Manitoba a level of coverage sufficient to meet annual out of pocket costs for their wheat, oats, and barley enterprises. A similar comparison was conducted using the now defunct Improved Practises program. A related investigation was conducted to determine what additional costs, depreciation and consumption, might be covered by the higher coverage options where coverage surpluses were generated in excess of out of pocket costs. Finally the effect on the performance of crop insurance options of providing coverage using a five year moving average trend yield method was examined ...
An Evaluation of the Manitoba Crop Insurance Program
Author: Manitoba Crop Insurance Corporation
Publisher:
ISBN:
Category :
Languages : en
Pages : 52
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 52
Book Description
Report of the Manitoba Crop Insurance Review Committee on Canada-Manitoba Crop Insurance
Author: Manitoba Crop Insurance Review Committee
Publisher:
ISBN:
Category : Crop insurance
Languages : en
Pages : 31
Book Description
Publisher:
ISBN:
Category : Crop insurance
Languages : en
Pages : 31
Book Description
An Economic and Statistical Evaluation of an All-risk Crop Insurance Program
A Proposed System of Crop Insurance for Manitoba, Saskatchewan & Alberta
Author: Canada. Experimental Farms Service
Publisher:
ISBN:
Category :
Languages : en
Pages : 30
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 30
Book Description
Manitoba Crop Insurance Corporation Program Manual
Author: Manitoba Crop Insurance Corporation
Publisher:
ISBN:
Category : Agricultural insurance
Languages : en
Pages :
Book Description
Publisher:
ISBN:
Category : Agricultural insurance
Languages : en
Pages :
Book Description
Canada-Manitoba Crop Insurance : Honey Insurance Program
Author: Canada. Agriculture Canada
Publisher:
ISBN:
Category :
Languages : en
Pages : 1
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 1
Book Description
All-risk Crop Insurance for Manitoba Farmers : Protect Your Investment with Insurance
Author: Manitoba Crop Insurance Corporation
Publisher:
ISBN:
Category :
Languages : en
Pages : 80
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 80
Book Description