Manitoba producers will receive higher Excess Moisture Insurance (EMI) coverage levels as part of the AgriInsurance program for the 2023 crop year, federal Agriculture and Agri-Food Minister Marie-Claude Bibeau and Manitoba Agriculture Minister Derek Johnson announced today.
Basic EMI coverage is a standard feature of the AgriInsurance program that provides protection against the inability to seed due to wet conditions. Producers can choose increased coverage options at higher premiums. Since 2000, basic EMI coverage has been $50 per acre, while higher coverage options increased in 2014 to $75, and $100 per acre. For 2023, basic coverage will increase to $75 with higher coverage options increasing to $100 and $125.
These changes were made in consultation with producer groups that have expressed interest in higher coverage levels due to rising costs of farming. The province’s share of premiums for the 2023 EMI program is estimated to be $8.6 million.
MASC will send EMI confirmation letters to all existing AgriInsurance clients later this month to reflect the new coverage levels and premiums. Producers have until November 30 to make changes to their EMI coverage for 2023 by contacting a MASC Service Centre.
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