Government of Canada / Gouvernement du Canada
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Canada Production Insurance Regulations

Version of section 12 from 2006-03-22 to 2018-06-11:

Marginal note:Unit value methodologies

  •  (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.

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