What will my insurance cost this year? Glad You Asked. SCIC has cost calculators to help you determine your best coverage options.

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Price Options

Producers default to the base price. The base prices for grains crops are established on the basis of January price forecasts provided by the Market Analysis Group of Agriculture and Agri-Food Canada. These prices represent the expected farm gate market price for most crops for the coming crop year. Crop Insurance offers a range of price options, including: In-Season Price Option and Contract Price Option.

A select group of crops are also eligible for the Contract Price Option. Pedigreed, forage and organic crops have their own price structure to reflect the value of these crops. The Variable Price Option remains available for forage crops only.

Base Price Option

Producers default to the base price. The base prices for grains crops are established on the basis of January price forecasts provided by the Market Analysis Group of Agriculture and Agri-Food Canada.

Low Price Option

Provides producers a lower premium cost without lowering coverage. Low Price Option is 85 per cent of the base price and 85% of the base price premium.

Contract Price Option

Producers can use their contract prices to blend with the Crop Insurance base price for higher coverage. This option is now available for all commercial crops.

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In-Season Price Option

Producers who select the In-Season Price Option will initially receive a production guarantee based upon the base price.

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