The Heat Advantage Program
Beginning in 2022, The Heat Advantage™ will give canola farmers added peace of mind that their Brevant™ seeds Nexera® canola investment is automatically protected up to $100 per acre in the event of excess heat during the critical flowering development stage of canola.
With heat blast affecting nine in 10 canola townships across Canada in 2020, resulting in a nationwide loss of more than 50 million bushels and $525 million in combined revenue,The Heat Advantage™ is designed to give farmers one less thing think about by helping them protect their seed investment and mitigate the cost of yield loss and other crop damage associated with hot weather extremes.
The Heat Advantage™ program is available exclusively with Brevant™ seeds Nexera® canola to farmers in Alberta, Manitoba and Saskatchewan who book before October 29, 2021.
The program is insurance underwritten by Northbridge General Insurance Corporation and arranged for by Global Ag Risk Solutions using an industry-leading parametric temperature model, backed by 40 years of climate and canola yield information.
The data-driven claims process uses reliable, third-party temperature data (more than 7,500 measurement points for extreme temperature reading accuracy) recorded daily during the critical flowering growth stage, which means farmers will be paid for covered claims quicky.
“Brevant™ seeds Nexera® canola produces Omega-9 Oil, the gold standard in the North American food industry for sensory, health and performance benefits. Our high yielding hybrids, combined with strong processor-paid premiums due to strong market demand, makes our canola one of the most profitable options for Canadian farmers. Now, we are adding more peace of mind and a better return per acre, through The Heat Advantage™, by committing to be the only seed brand in Canada to share the risk of canola heat blast,” says Tyler Groeneveld, Commercial Leader Grain and Oils, North America, Corteva Agriscience.
“With demand for canola on the rise, Canadian growers have a bright future. To help enable that future, we’re bringing farmers a first-of-its-kind, turn-key program to help protect their Brevant™ seeds Nexera® canola seed investment.”
For more information on The Heat Advantage, visit: brevant.ca/nexera.
1 The Heat Advantage™ program is insurance underwritten by Northbridge General Insurance Corporation and arranged for by Global Ag Risk Solutions Corp under a policy to be issued to Corteva Agriscience Canada Company with eect on January 1, 2022. Policy terms, conditions, and exclusions apply. The Heat Advantage™ program is subject to change upon notice.
2 Source: Based on estimates produced by Global Ag Risk Solutions. In 2020, 6,763 of 7,518 (90%) canola-growing townships experienced at least one full day of heat that exceeded the maximum temperature thresholds of 29°C of daytime heat and 17°C of overnight heat exposure, resulting in $525 million in combined revenue loss.
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