Crop insurance and deferred payment

[farming101]

My understanding is that insurance payments due to yield loss can be deferred.
Price insurance program payments cannot be deferred.

[GDR]

It is true, technically you cannot legally defer crop insurance pmts.

My accountant told me this back in July when i new it wasn’t going to yield well. It has to do with the tax act and the fact that there is no mention of being able to defer crop insurance. Wheat barley canola and oats. Because i knew this i made sure i had enough room to bring crop insurance pmts and deferred any fall sales.

Sounds like it is even in the cra audit procedures manual.

If gov’t really needs money, going after this will be easy. Collecting the overpaid ceba loans and cers will be the next easy one on farms

So what is the difference between a deferred crop insurance claim or one where the crop adjusters dont show up until the first week of January to measure bins. I haven't seen an adjuster or settlement yet. Either way the money is for the same crop and received at the same time. Not sure how that could be differentiated. I did have my hail claims deferred but yield and price likely wont be done in 2021.