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, please refer to your coverage confirmation.

​​2022 Premium rates for distri​​​cts 1, 2, 4 and 5

CropCoverage typeCustomer base premium rate by coverage level
(% of liability)
70%75%80%​
85%​
Fresh and juice Enhanced basic 3.41% 3.71% 4.02% 4.68%​
​ Separate orchard hail rider
8.67% 8.99% 9.31% N/A​
Fresh only Enhanced basic 3.41% ​ 3.71% 4.02% 4.68%​
Separate orchard hail rider
8.67% 8.99% 9.31%​N/A

2022 Premium rates for district 3

CropCoverage typeCustomer base premium rate by coverage level
(% of liability) ​
70%
75%80%
85%​
Fresh and juiceEnhanced basic3.04%3.31%3.59%3.94%​
Separate orchard hail rider
7.73%8.02%8.31%
N/A​
Fresh onlyEnhanced basic3.04%3.31%3.59%​3.94%
Separate orchard hail rider7.73%8.02%
8.31%N/A​

2022 Premium rates for tree loss coverage​​​

​Coverage type
Deductible
(% of trees)
Customer premium
(% of liability)
Standard coverage7.50%No cost*
Additional coverage3.0%0.09%

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

2022 Claim prices

The claim price is used to convert your guaranteed production (lb) to a guaranteed value ($) and is also used to convert your final yield from pounds or kilograms to a dollar value. Production claims are calculated when your yield falls below your guaranteed value. 

The final apple juice claim price is established by Agricorp at harvest time to reflect market conditions. It is determined using the current year’s negotiated price for ground juice apples less harvesting costs.

Claim price optionsClaim prices​
Option 1$0.34/lb
Option 2$0.38/lb
Option 3$0.43/lb
Option 4$0.50/lb
Estimated juice apples

$0.0533/lb

Apple trees

$16.97/tree

​​​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:
Anual 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 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 co​​​mparing your individual claim rate to the claim rate for​​ the crop plan as a whole.​​

For more information, see the Discounts and Surcharges feature sheet.






Canadian Agricultural Partnership – Agricorp – Ontario – Canada