2025 Premium rates
| Coverage level | Premium rate
($/acre)
|
70%
| $132.38
|
75%
| $162.10
|
80%
| $216.13
|
85%
| $275.57
|
90%
| $412.15* |
*A small portion of this premium rate has a higher premium cost. You pay 67% of the high-cost amount, and the federal and provincial governments pay the rest. The extra cost factors in high-risk commodities or risk-splitting, like choosing single-peril coverage or insuring separate orchards, hybrids, or harvest periods.
2025 Claim price
Asparagus fixed claim price:
$1.38/lb.
About premiums
Premium rates are cost-shared with government.
- 60% of premiums is paid by federal and provincial governments, plus administrative costs.
- 40% of premiums is paid by customers.
The rates Agricorp publishes represent the customer portion of the premium. Premium rates are set annually and are based on commodity prices and past claims.
Note: Some commodities have high-risk coverage options at a higher cost.
Your premium = premium rate × number of acres
Claim prices
The claim price is applied to your yield to calculate a dollar value for the purpose of paying a claim. Your claim amount equals your yield shortfall (total guaranteed production minus your total yield) multiplied by the claim price.
The claim price is calculated as the 5-year average price of fresh sales, as reported by the Ontario Ministry of Agriculture, Food and Rural Affairs, minus an amount per pound for non-incurred costs (pack out and containers).
