2024 Premium rates and claim prices
| Claim price | Maximum replant claim price
($/acre) | Premium rate by coverage level
($/acre) |
| 70% | 75% | 80% | 85% |
| Dollar value | $818
| $49.52
| $63.41
| $79.79
| $98.58
|
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.
There isn't a claim price for cucumbers. The price is included in the value of the crop because the crop is insured in dollars.
For cucumbers, dollar values are based on the current year's negotiated price by grade from the OPVG. Contract prices negotiated in U.S. dollars will be converted into Canadian dollars using a final currency exchange rate, available once the currency exchange period ends.
