Rates

2024 Premium rates

*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.
Coverage Type	Premium rates by coverage level ($/acre)
Coverage Type	70%	75%	80%	85%	90%
Floating claim price	$13.94	$16.69	$19.99	$23.80*	$31.03*

2024 Claim prices

Coverage type	Maximum replant claim price ($/acre)	Unseeded acreage claim price	Claim price
Floating claim price	$151	$0.3311/lb	Floating

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

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.

More information

For your own premium rates, including any discount or surcharge you may have, see your Renewal Notice.
For information about how your discount or surcharge is calculated, see Discounts and Surcharges.

Floating claim price

The floating claim price is set at harvest time and is determined by the average board price (crusher price) at Hamilton and Windsor, between August 15 and September 7 of the current crop year. One-half cent per pound ($11/tonne) is deducted for transportation.

Canadian Agricultural Partnership – Agricorp – Ontario – Canada

Production Insurance