Industry Code: 01201
This industry classification covers the operation of feed lots, either private, custom or a combination of both. The main objective of these businesses is to "finish" cattle for the meat processing industry.
Operation Details:
Cattle, weighing approximately 600 lbs, are delivered from cow/calf operators to the feed lot and fed until they reach the optimum weight for market. Once finished, the animals are shipped to a processing plant.
Large fenced lots or corrals are maintained to hold the stock. The activities include construction, maintenance and cleaning of corrals. Feed lot operators may also have grain/silage production and feed mill operations to support the feeding of the cattle. Feed would be delivered from the feed mill by truck to holding pens. Other activities would include dehorning, branding, castration and vaccination.
Underwriting Considerations:
Feed lots may be operated in conjunction with processing plants however, an additional classification is usually required as the processing plant does not rely solely on the related feed lot for its supply of animals.
Industry Custom Pricing: Waiving Cost Relief Option
This industry has chosen to participate in Industry Custom Pricing effective January 1, 2009. Costs related to the aggravation of a pre-existing condition will not be removed from the experience record of employers classified in this industry. In return, the portion of premiums collected to fund retroactive cost relief has been removed from the industry rate, resulting in a reduction in WCB premium rates for the industry.
Premium Rate History:
Activities:
Custom Feed Lots
Feed Lots
Rate Group History:
In 2016, new rate groups were established to better define the various types of farming operations being conducted in Alberta. The Large Animal Producers/Handlers rate group encompasses industries that pertain to the farming of large animals. Prior to 2016, these operations were classified in Industry 02109, Rate Group 017100.
Effective January 31, 2020, farm and ranch employers with six or more waged non-family workers can choose to have their workplace insurance coverage under the Workers’ Compensation Act or through a private insurance provider. Employers are not required to have workplace insurance if they have five or fewer non-family workers, or hire workers for less than six consecutive months.
This industry classification covers the operation of feed lots, either private, custom or a combination of both. The main objective of these businesses is to "finish" cattle for the meat processing industry.
Premium Rate History:
Activities:
Custom Feed Lots
Feed Lots
Operation Details:
Cattle, weighing approximately 600 lbs, are delivered from cow/calf operators to the feed lot and fed until they reach the optimum weight for market. Once finished, the animals are shipped to a processing plant.
Large fenced lots or corrals are maintained to hold the stock. The activities include construction, maintenance and cleaning of corrals. Feed lot operators may also have grain/silage production and feed mill operations to support the feeding of the cattle. Feed would be delivered from the feed mill by truck to holding pens. Other activities would include dehorning, branding, castration and vaccination.
Underwriting Considerations:
Feed lots may be operated in conjunction with processing plants however, an additional classification is usually required as the processing plant does not rely solely on the related feed lot for its supply of animals.
Industry Custom Pricing: Waiving Cost Relief Option
This industry has chosen to participate in Industry Custom Pricing effective January 1, 2009. Costs related to the aggravation of a pre-existing condition will not be removed from the experience record of employers classified in this industry. In return, the portion of premiums collected to fund retroactive cost relief has been removed from the industry rate, resulting in a reduction in WCB premium rates for the industry.
Rate Group History:
In 2016, new rate groups were established to better define the various types of farming operations being conducted in Alberta. The Large Animal Producers/Handlers rate group encompasses industries that pertain to the farming of large animals. Prior to 2016, these operations were classified in Industry 02109, Rate Group 017100.
Effective January 31, 2020, farm and ranch employers with six or more waged non-family workers can choose to have their workplace insurance coverage under the Workers’ Compensation Act or through a private insurance provider. Employers are not required to have workplace insurance if they have five or fewer non-family workers, or hire workers for less than six consecutive months.