CASH CROP INSURANCE IN ONTARIO

INSURANCE SIMPLIFIED

CASH CROP INSURANCE IN ONTARIO

INSURANCE SIMPLIFIED

What You Need to Know About Cash Crop Insurance In Ontario

Cash Crop farming is when farmers rotate between specific types of crops they farm and harvest (for example, corn, wheat, oats, and soybeans are common cash crops).

To put it simply, cash crop farming is growing a certain type of crop each year and deciding when the best time to sell it is.

This type of farming, like other types of farming, presents certain challenges with one of the main challenges being how weather-dependent the business is. As a result, you’ll want some type of insurance coverage.

PROTECTING YOUR CASH CROP BUSINESS FOR THE BEST PRICE!

Cash Crop insurance in Ontario

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2022-09-12
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2022-09-05
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2022-08-16
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2022-08-10
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Jeremy Dunn
Jeremy Dunn
2022-08-09
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Very satisfied with how Duliban handled insurance for my farm property. John Critchley is very knowledgeable, patient and responsive.

How Does Cash Crop Insurance Work In Ontario?

In Ontario, when it’s in the fields, insurance is typically covered by Agri Corp (which is a different form of insurance that can be provided through our brokerage). However, several different factors may come into play that could impact what and how much insurance you have.

Farming operations often have a lot of equipment that is large and valuable, upwards of $500,000 to $1 million for certain items. With that said, equipment is something that can be put onto your farm insurance policy. If it was stolen or damaged, or caught fire, it can be something that you can make a claim for to continue to use the equipment.

It’s also important to have a certain portion of pollution liability for your operations. This is an important but often overlooked form of coverage. This is in the event, for example, where the fertilizer you may be using gets into a nearby stream or waterway, the Ministry of Environment can get involved quickly and those types of claims and the cleanup involved with them can be quite costly.

Additionally, if a product is being taken off the field and stored and something were to happen to the storage area or facility, there is coverage you can add to your policy to have protection against any loss of income.

How You Can Get Started

If you have specific questions relating to Cash Crop Insurance, the Duliban Insurance Brokers team is here to help! Contact us today to find answers to your questions and to get a free quote based on your specific needs.

 

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