Production Insurance
Apples and apple trees

Rates

​​​​​​​​​​​​​​​​​​​​These base premium rates are provided for information purposes only. For your own rates and for any surcharge and discount you may have, see your renewal notice or coverage confirmation.

​​2024 Premium rates for apples

Crop
Coverage typeCustomer base premium rate by coverage level
(% of liability)
70%75%80%​
85%​
Fresh and juice Enhanced basic 3.02% 3.37% 3.79% 4.55%​
​ Separate orchard hail rider
7.87% 8.23% 8.66% N/A​
Fresh only Enhanced basic 3.02% ​ 3.37% 3.79% 4.55%​
Separate orchard hail rider
7.87% 8.23% 8.66%​N/A

2024 Premium rates for apple trees​​​

​Coverage type
Deductible
(% of trees)
Customer premium
(% of liability)
Standard 
7.5%No cost*
Additional
3.0%0.13%

*The federal and provincial governments pay the premium on your behalf.

2024 Claim prices for apples and apple trees

Option/Type
Claim price​
Option 1
$0.38/lb
Option 2$0.40/lb
Option 3$0.46/lb
Option 4$0.51/lb
Juice apples

$0.0432/lb*

Apple trees

$16.97/tree

*​​​$0.0432/lb is the estimated claim price for juice apples. The final claim price for juice apples is set at harvest using the current year’s negotiated price for ground juice apples less harvesting costs.

Calculating your annual pre​​mium

Your annual premium is ​​based on:

  • Base p​​remium rate
  • Guara​​​nteed value 
  • Discounts an​d surcharges (D or S)

The premium is calculated using this​​ formula:
Annual premium = base premium rate × guaranteed value​ × D or S

Base premium​​ rate

The base premium rate is determined at renewal time each year. It may change due to factors like p​​ast performance of the plan, changes to claim prices and the level of the Ontario Agricultural Products Insurance Fund.

Guarantee​​d value

Your guaranteed value is determined by multiplying your guaranteed production by you​​r selected claim price.

Guaranteed value = guaranteed production × selected claim price​

Discounts an​​​d surcharges

If you have had Production Insurance for more than 1 year, your premium rate may be discounted or surcharged. Discounts and surcharges are determined by co​​​mparing your individual claim rate for a commodity to the claim rate for​​ the commodity as a whole.​​

For more information, see Discounts and Surcharges.






Canadian Agricultural Partnership – Agricorp – Ontario – Canada