October 1, 2024
With the 2024 winter wheat harvest now complete, many Ontario farmers with Production Insurance coverage saw yields well above average this year.
Production Insurance customers reported soft red winter wheat yields averaging around 100 bushels per acre, roughly 110% of the provincial average farm yield (AFY) for farmers in this program. An AFY is a level of production that reflects a farm's yield history and is used as a benchmark to determine if their actual production is below average.
Want a closer look at yields across the province? See 
average farm yield data by county for all winter wheat crops.
Click to view 2024 soft red winter wheat yields for Production Insurance customers
For overall provincial crop statistics, see the Ontario Ministry of Agriculture, Food and Agribusiness statistics site.
How strong yields affect your coverage
Above-average yields can have a positive impact on Production Insurance coverage by raising a farm's AFY, which provides farmers with higher coverage when they need it most. Higher coverage means more protection from yield reductions and crop losses caused by factors beyond a farmer's control, including adverse weather, disease, pests, wildlife, and other uncontrollable natural perils.
Floating claim prices set for winter wheat
The survey period for winter wheat has ended, and Agricorp has set the 2024 winter wheat floating claim prices for Production Insurance.
The floating claim price for winter wheat is set at harvest using market prices from July and August and is designed to compensate customers at current market prices. The floating claim price option usually produces a higher claim price at harvest. This year, lower market prices for winter wheat have resulted in a floating claim price that is less than the fixed claim price.
Fixed claim prices are set at renewal time, are based on forecasted market prices, and are a lower-cost alternative to floating claim price options.
For 2024, customers in a claim position will be compensated at the following prices:
Crop
| Float price ($/bu) | Fixed price |
| Soft red winter wheat | $6.5986
| $7.20/bu
|
| Hard red winter wheat | $7.3940
| $7.90/bu
|
| Soft white winter wheat | $7.4458
| $7.50/bu
|
| Hard white winter wheat | $7.7981
| $8.30/bu
|
| Organic winter wheat | N/A
| $14.60/bu
|
| Organic winter spelt | N/A
| $0.62/kg
|
