Production Insurance
Forage rainfall

Rates

​​​​These base premium rates are provided for information purposes only. For your own rates, refer to your renewal notice or confirmation of insurance.

2017 Premium rates

Option

Coverage type

Premium rate (% of liability)

Insufficient rainfall

Base

2.30%

Monthly weighting

2.94%

Bi-monthly

7.04%

Three-month

4.46%

Excess rainfall

5 mm threshold

3.96%

7 mm threshold

2.66%

 

Calculating your annual premium

Your annual premium is based on:

  • The customer base premium rate
  • The coverage value you select
  • The coverage option you select

The annual premium is calculated using this formula:

Annual premium = coverage value x customer base premium rate

Customer base premium rate

The customer base premium rate is determined at renewal time each year. It may change due to factors like past performance of the plan, changes to the coverage options and the level of the Production Insurance​ Reserve Fund.






Growing Forward 2 – Agricorp – Ontario – Canada