Ontario introduces new insurance plan for beekeepers
September 23, 2015 By Fruit & Vegetable
September 23, 2015 – Ontario beekeepers now have access to a new production insurance plan that will help them manage financial loss from winter bee colony damage.
Production insurance is part of a suite of business risk management programs designed to help farmers manage losses due to events like weather, pests and disease. The costs of these programs are predictable, stable and shared by producers and the provincial and federal governments.
The new Bee Mortality Production Insurance Plan gives participating beekeepers the confidence and security to reinvest in their operations, encouraging greater innovation, profitability and job creation and provides them with the same financial support that beekeepers in other provinces receive.
“The new Bee Mortality Production Insurance plan recognizes the importance of healthy bees to the livelihood of individual beekeepers and the sustainability of the beekeeping industry,” says Tibor Szabo, president of the Ontario Beekeepers’ Association.
To participate, beekeepers must be registered, operate in accordance with the Bees Act, and implement best practices to ensure bee health. The Bee Mortality Production Insurance Plan will begin November 1, 2015 and will be administered by Agricorp.
The new Bee Mortality Production Insurance Plan is the first production insurance plan developed for a commodity other than crops and perennial plants. The Plan is also part of a broader pollinator health strategy.
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