Production Insurance
Winter wheat

Rates

​​​These base premium rates are provided for information purposes only. For your own rates, ple​​a​​se refer to your renewal notice or confirmation of insurance, which s​hows any surcharge or discount you might have.

2018 Premium rates

Crop Coverage type
Customer base premium rates by coverage level
($/acre)
75% 80% 85% 90%​
Soft white Floating claim price $3.51 $4.50 $6.13$8.43
Fixed claim price $2.80 $3.59 $4.89 $6.73
Soft red Floating claim price $3.26 $4.18 $5.55 $7.53
Fixed claim price $2.60 $3.34 $4.43 $6.01
Hard red Floating claim price $3.26 $4.07 $5.44 $7.38
Fixed claim price $2.59 $3.23 $4.32 $5.87
Hard white Floating claim price $4.95 $6.17 $8.25 $11.20
Fixed claim price $3.94 $4.92 $6.57 $8.92

2018 Prices and values

CropCoverage type
Maximum reseeding benefit
($/acre)
USABClaim price
($/bu)
Soft white Fixed claim price $110 n/a $5.10
Soft red Fixed claim price $110 n/a $5.10
Hard red Fixed claim price $110 n/a $4.95
Hard whiteFixed claim price $110 n/a $5.30

Calculating your annual premium

Your annual premium (AP) is based on:

  • Customer base premium rate
  • Discounts and surcharges (D or S)
  • Reported number of acres

The premium is calculated using this formula:

AP = number of acres x customer base premium rate x D or S

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 claim prices and the level of the Production Insurance Reserve Fund.​

Discounts and surcharges

If you have been enrolled in a Production Insurance plan for more than one year, your premium rate may be discounted or surcharged. Discounts and surcharges are determined by comparing your individual claim rate to the claim rate for the crop plan as a whole.

Reported number of acres

This refers to the number of planted acres you report after planting. Once you report your final planted acres, Agricorp sends your premium invoice.





Growing Forward 2 – Agricorp – Ontario – Canada