Which of the following is a key component of Crop Insurance in Canada?

A key component of Crop Insurance in Canada is that growers must insure all acres of a single crop to maintain uniformity and manage risk effectively. This requirement ensures that farmers do not selectively insure only their best-performing fields, providing a more balanced risk pool. Insuring all acres also aligns with the principle of crop insurance, which aims to stabilize farm income and mitigate losses across an entire crop's production area.

Coverage percentages or types of crops that can be insured vary widely across different plans, but the practice of insuring all acres of a single crop helps in the accurate assessment of risk and loss. This fosters fair support for all farmers, as it avoids situations where only certain areas benefit from insurance payouts due to selective participation. Thus, the requirement emphasizes the importance of collective risk management and sustainability within the agricultural sector.