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.
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