2024 Veal
premium rates
| Veal
category
|
Unit |
Coverage level |
| 80% |
90% |
95% |
100% |
| Veal cattle |
$/head |
1.54 |
4.48 |
6.69 |
9.35 |
The minimum annual premium for veal cattle is $25.
Premium =
premium rate x number of head enrolled
Payment rates
Payment rates are based on the difference between the support level and the average market price for the payment calculation period. The payment rate used to calculate your payment will be shown on your payment calculation summary.
Support levels and market prices
The support level is based on the industry target price multiplied by your chosen coverage level. The cost of production is calculated by OMAFRA, based on the sum of livestock purchase costs, feed costs and yardage.
Market prices for each livestock category are collected and calculated by OMAFRA.
Both support levels and market prices are calculated every week and will vary from week to week. The support level and market price are based on the reported date of sale.
