- Losses for HOGS which are dead on
arrival shall be settled on the basis of : (i) Weight calculated using
average dressed weight for the shipment in
which the loss occured; (ii) Index using the lesser of 100 or
the maximum index obtainable by classification; (iii) Price using the producers
100 index base price established for the shipment in which the dead hogs
- Losses for SOWS AND BOARS which are
dead on arrival shall be settled on the basis of: (i) Weight calculated the
same for hogs; (ii) Price using the sow and boar price established.
- No dead on arrival losses shall be
settled unless the dead animals are delivered to the purchaser or salvage
company, and the cause of death is indicated on a properly completed and signed
ITPP loss report.
- Indemnifiable condemned hogs shall be
settled on the basis of actual grading and dressed weight.
- The producer shall be reimbursed for
the in-transit trim loss sustained to any animal which is received by the
purchaser and was not previously classified as a subject on the producer
receipt and which subsequently has a trimmable demerit assessed against said
animal for fractures or bruising only ($10 minimum).
- All losses involving frostbite
demerits to animals shall be administered on the basis of individual
circumstances and assessment ($10 minimum).
- A $10 deductible will be deducted from ITPP claim payments on each animal loss (not partial losses).
This will not affect the Producer's ITPP premium rate.
ANIMALS NOT COVERED
- Any animal which is identified as a farm origin subject.
- Any animal which is condemned for reasons of farm origin disease.
- Any animal weighing 85kg (187 lbs) liveweight or less
PREMIUM RATES CHARGED
producers will be assessed a rate for each entire quarter based upon each
individuals previous quarters loss ratio on a per 1,000 hogs shipped basis.
Each producers quarterly loss ratio is calculated as follows.
(No. of Alberta Losses for Quarter / Volume for Quarter) x 1000
If a producers loss
ratio improves (lowers) for an entire quarter, then his premium rate will
also be lowered for the next quarter.
Producers who have a
loss ratio for the previous quarter of less then 1 per 1000(0.00-0.99) are
charged the lowest rate (base rate) of the premium which is $0.10 (10 cents) per
$100 of gross value.