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Rates

2024 Premium rates

Coverage type
Premium rates by coverage level
($/acre)
75%
80%
85%
90%
ConventionalFloating claim price$7.11
$9.24
$12.19
$16.21
Fixed claim price$5.54
$7.20
$9.50
$12.64
OrganicFixed claim price$17.66
$22.96
$30.30
$40.89*
 *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

Coverage typeMaximum replant claim price ($/acre)
Unseeded acreage claim price
($/bu)
Claim price
($/bu)
ConventionalFloating claim price$137
$5.85
Floating
Fixed claim price
$137
$4.95
$4.95
OrganicFixed claim price$137
$11.15
$11.15

2024 Corn salvage benefit

Type of damage
Benefit amount
($/bu)
Sample grade$0.66
DON 3 ppm to 4.9 ppm$0.66
DON 5 ppm to 7.9 ppm$0.93
DON 8 ppm and above$1.28

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.


​​​Claim price

The organic plan has a fixed claim price only. The conventional plan offers:

  • Fixed claim price – a claim price that is set at renewal time.
  • Floating claim price –​ ​a claim price that is set at harvest time. It is determined by adding the difference between the Chatham track price and the Chatham board price to the Hensall board price, minus $0.20 per bushel allowance for non-incurred expenses (i.e. drying) between October 21 and November 10 of the current crop year.
Canadian Agricultural Partnership – Agricorp – Ontario – Canada
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