Production Insurance
Carrots, yield basis
Home

Rates

2024 Premium rates and claim prices  

Claim price
Maximum replant claim price
($/acre)
Premium rate by coverage level
($/acre)
65%
70%
75%
80%
$7.30/50 lb bag$1,027
$236.38
$282.93
$359.35
$444.16

About premiums

Premium rates are cost-shared with government.

  • 60% of premiums is paid by federal and provincial governments, plus all 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.

Your premium = premium rate × number of acres

If you have been enrolled in the program for more than one year, your premium rate may be discounted or surcharged based on your claim history for the commodity.

For your own premium rates, including any discount or surcharge you may have, see your Renewal Notice.


​​Claim pr​​ices

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 guarante​​ed production minus your total yield) multiplied by the claim price.

​The claim price is based on a fall packer survey and the Ontario Ministry of Agriculture, Food and Rural Affairs’ five-year average survey, minus non-incurred costs.
Canadian Agricultural Partnership – Agricorp – Ontario – Canada
© Agricorp