EXPLORATION OF SECTORS FEASIBILITY FOR WHOLE FARM REVENUE AND MARGIN INSURANCE
Status Awarded
Contract number 01B68-22-0082
Solicitation number 01B68-22-0082
Publication date
Contract award date
Status Awarded
Contract number 01B68-22-0082
Solicitation number 01B68-22-0082
Publication date
Contract award date
The intent is to have a consultant undertake a complete analysis of how whole farm revenue insurance and margin insurance could work for the fruits and vegetables sector and the potato sector in Canada. This work will build off the basic framework outlined in the department’s previous third-party review of whole farm revenue insurance for the grains and cattle sectors while also adapting and customizing the conceptual and models to account for the unique specific characteristics of the production and market risks and data availability in all of these new sectors.
The mandate for this work was set out by FPT Ministers of Agriculture at their meeting in July 2019 where they tasked officials to review the potential for alternative insurance-based approaches to BRM programming (i.e., revenue and margin insurance). The outcomes of this work has the potential to make profound and significant policy and administrative improvements to Canada’s suite of risk management tools for agriculture.
Refer to the description above for full details.