Production Insurance
Edible beans (adzuki, black, cranberry, Japan/other, kidney, white)
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Rates

​​​2024 Premium rates

Type of bean
Premium rates by coverage level
($/acre)
70%75%80%​
85%​
Adzuki 
$45.85
 $56.31
 $68.41
​$93.10*
​Black
$15.88​$19.62​$24.17​​$29.97
​Cranberry
$25.50​
$30.90​$37.41​​$45.35
​Kidney
​$15.68
$19.46​$24.92​​$32.22
​Japan/other
$23.99​​$30.30
​$37.72
$46.65​
​White
​$13.54
$16.53​$20.17​$24.75​
 *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.

2024 Claim prices

Type of bean
Maximum replant claim price
($/acre)
Unseeded acreage claim price
($/lb)​		Cl​aim price
Adzuki
 $179

$0.9000

Floating
​Black
$148​$0.5100​Floating​
​Cranberry
$238​​$0.6400
Floating​
​Kidney
​$227
​​$0.6400
Floating​
​Japan/other
$181​​​$0.7000​Floating​
​White
​$148
​​​$0.5000
​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 price is set at harvest time. It is determined by the average price of beans sold between August 1 and November 30 of the crop year.
Canadian Agricultural Partnership – Agricorp – Ontario – Canada
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