Production Insurance
Spring wheat
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Rates

2024 P​​​remiu​m rates​​

​
Coverage type 		Premium rates by coverage level
($/acre)
70% 75% 80% 85% 90%
Conventional​ ​ ​ Floating claim price
$6.03
$7.97
$10.42
$13.54
$17.27
Fixed claim price
$4.70
$6.22
$8.13
$10.56
$13.47
Pedigreed seed
​Floating claim price
​$6.27
​$8.29
​$10.83
​$14.07
​$17.95

2024 Claim prices

​
Coverage type
Maximum replant claim price
($/acre)
Unseeded acreage claim price
($/bu)
 Claim price
($/bu)
​Conventional
​		 Floating claim price
$128
 $9.45
Floating
Fixed claim price
$128
 $8.00
 $8.00
​Pedigreed seed*
​Floating claim price
$128
$9.45​Floating
*In the case of a claim, if the crop does not qualify as pedigreed seed spring wheat based on production contracts and crop documentation, the conventional claim prices are used and no premium is refunded.

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.

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.

Claim prices

Fixed claim prices are set at renewal. Floating claim prices are set at harvest.

If you grow…Floating claim prices is determined by…
Conventional spring wheatCalculating the average price of Grade 2 red spring wheat from representative growing regions during the period from August 1 to September 20 of the current program year.
Pedigreed seed spring wheatAdding a price premium to the floating claim price for conventional spring wheat for the program year. This premium is based on an industry survey of price premiums offered to contracted growers of pedigreed seed spring wheat.
Canadian Agricultural Partnership – Agricorp – Ontario – Canada
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