Features Production Research
New Brunswick offering vegetable insurance plan

May 1, 2008, Fredericton, NB – A
new insurance plan that provides coverage for commercial vegetable
growers has been launched by the New Brunswick Crop Insurance
Commission.

May 1, 2008, Fredericton, NB – A new insurance plan that provides coverage for commercial vegetable growers has been launched by the New Brunswick Crop Insurance Commission.

The Fresh Market Vegetable Acreage Loss Insurance Plan provides coverage for total losses of acreage of eligible fresh-market vegetable crops due to insured perils. The program helps vegetable producers address challenges and explore opportunities to ensure the growth and viability of agriculture in New Brunswick.

The plan was created by the New Brunswick Crop Insurance Commission and is open to commercial producers who grow two or more hectares (five or more acres) of vegetables for the fresh or wholesale market.

Eligible crops under this plan include direct seeded and transplanted acreage. Insurance is based on three vegetable categories, with separate insured values per acre. Vegetables accepted into the program must be adequately irrigated in order to receive drought coverage.

More information on the Fresh Market Vegetable Acreage Loss Insurance Plan is available online at http://www.gnb.ca/Agriculture ; click on the "Risk Management" icon.