2024 Premium rates and claim prices
Claim price |
Maximum replant claim price
($/acre) |
Premium rates by coverage level
($/acre) |
70% |
75% |
80% |
85% |
90% |
Floating | $242
| $15.27
| $17.74
| $21.47
| $27.28
| $36.70
|
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 price
- Used to calculate any potential claim under production loss coverage.
- Set by Agricorp.
- Based on an estimated final price provided by Michigan Sugar Company.
