Claim Example 1: Basic EMI Coverage
A producer has 400 acres of cropland. The producer reports that 50 acres were unseeded due to excess moisture. The producer has a 10 per cent deductible and did not select an EMI High Dollar Value Option (HDVO).
-
Eligible Acres: |
= 400 |
Deductible EMI Acres (10 per cent): |
= 10 per cent x 400 = 40 deductible EMI acres |
Acres not seeded: |
= 50 |
EMI Indemnity: |
= (50 acres - 40 acres) x $ = $ |
Producer Premium: |
= 400 eligible acres x $
= $ |
Claim Example 2: RDO Selected
Using the information in Claim Example 1, if the producer had instead selected the EMI RDO:
- Only 5 per cent of acres (20) are deductible;
- 30 acres (50 - 20) would be eligible for an indemnity (30 x $ = $); and
- Producer premium for EMI with the RDO is $ (400 acres x $).
Claim Example 3: RDO and HDVO Selected
Using the information in Example 1, if the producer selects the EMI RDO and the $ HDVO:
- Only 5 per cent of acres (20) are deductible;
- 30 acres (50 - 20) would be eligible for a higher dollar payment (30 x $ = $); and
- Producer premium for EMI with the RDO and $ HDVO is $ (400 acres x $).
Claim Example 4: Below Minimum Acreage
Using the same information as in Example 1, but the producer has eight acres not seeded and has selected the EMI RDO.
- No claim is payable, as the number of unseeded acres is less than the 10 acre minimum.
Other Program Details
- Once the EMI RDO or one of the EMI HDVOs is selected, it remains in effect year after year until the producer deselects it.
- Landlords with an AgriInsurance contract will have EMI coverage. The landlord will have the same deductible and dollar value as their tenant and are required to pay their share of the related premium cost.