2024 Premium rates and claim prices
Claim price |
Maximum replant claim price
($/acre) |
Premium rate by coverage level
($/acre) |
70% |
75% |
80% |
85% |
90% |
$8.50/50lb bag | $4,400
| $227.79
| $283.81
| $347.57
| $465.64*
| $594.65*
|
*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.
About premiumsPremium 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
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 rates, including any discount or surcharge you may have, see your Renewal Notice.
