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Rates
Page Content
2024 Premium rates for owner-growers
Guaranteed production |
Premium rate ($/lb) |
80% |
85% |
90% |
0 - 30,000 |
$0.0106 |
$0.0132 |
$0.0158 |
30,001 - 40,000 |
$0.0102 |
$0.0128 |
$0.0154 |
40,001 - 50,000 |
$0.0098 |
$0.0124 |
$0.0150 |
50,001 - 60,000 |
$0.0094 |
$0.0120 |
$0.0146 |
60,001 - 70,000 |
$0.0090 |
$0.0116 |
$0.0142 |
70,001 - 80,000 |
$0.0086 |
$0.0112 |
$0.0138 |
80,001 - 90,000 |
$0.0082 |
$0.0107 |
$0.0133 |
90,001 - 100,000 |
$0.0077 |
$0.0102 |
$0.0128 |
100,001 - 110,000 |
$0.0072 |
$0.0098 |
$0.0123 |
110,001 - 120,000 |
$0.0067 |
$0.0093 |
$0.0118 |
120,001 - 130,000 |
$0.0062 |
$0.0088 |
$0.0114 |
130,001 - 140,000 |
$0.0058 |
$0.0083 |
$0.0109 |
140,001 - 150,000 |
$0.0053 |
$0.0078 |
$0.0104 |
150,001 - 160,000 |
$0.0048 |
$0.0074 |
$0.0099 |
160,001 - 170,000 |
$0.0043 |
$0.0069 |
$0.0094 |
More than 170,000 |
$0.0038 |
$0.0064 |
$0.0090
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About premiumsPremium 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.
Note: Your premium rate includes a discount based on the volume of your guaranteed production (in pounds) and coverage level.
Claim price
The claim price is 82% of the weighted average contract price set by licensed buyers and approved by Agricorp.
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