Canada Production Insurance Regulations

Marginal note:Unit value methodologies

• 12 (1) A production insurance agreement shall provide for methodologies for use in determining the value of eligible agricultural products and shall provide that

  • (a) the unit values shall be determined in accordance with those methodologies; and

  • (b) those methodologies shall be subject to the national certification guidelines.

• Marginal note:Additional requirement

  (2) Those unit value methodologies shall be based on one of the following:

  • (a) a market price method that reflects estimated or actual farmgate or replacement values of the production;

  • (b) a cost of production method using standard accounting procedures and recommended provincial agronomic practices; or

  • (c) an alternative method provided for in the agreement.