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. This creates a “blended” price for which you will be insured. The blended price will be used to calculate the coverage and premium for all acres of the insured crop, including those that are not contracted. Your insured price does not guarantee market price. Select the crops you want covered by March 31 and submit your contracts to SCIC by May 31.

Note: Most total production, partial production or deferred delivery contracts are eligible. For deferred delivery contracts, the delivery period must be August of the crop year or later. The producer must be financially independent from the buyer for the contract to be eligible. SCIC requires the contract(s) to determine the insured price.

Eligible contracts must specify the contract price or a price premium (e.g. dollars per bushel or dollars per tonne) and the quantity of grain or number of acres contracted.

You must provide SCIC with a copy of the contract by May 31 of the current crop year. SCIC will use that information to calculate the insured price, coverage and premium for the crop. If you do not provide complete contract details your insured price will default to the base price for that crop. For losses due to quality, SCIC applies standard quality factors. Quality is not determined by criteria stated in your production contract nor on the final price of the crop. If the use of SCIC standard quality factors places you in a claim position, your claim will be paid using the blended insured price.