Production Insurance
Carrots (processing)

Rates

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

2021​ Premium rates and clai​​m prices​​​ 

Claim priceMaximum replant claim rate
($/acre)
Premium rate by coverage level
($/acre)
65%
70%
75%
80%
$87/ton$884
$43.87
$55.12
$67.49
$89.99
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​Calculating your ann​​ual premium

Your annual premium ​is based on:

  • Base premium rate
  • Reported number of acres
  • Discounts and surcharges (D or S)
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​The premium is calculated using this formula:​

Annual premium = number of acres x base premium rate x D or S

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​​Base premium ra​​​​te

The base premium rate is determined at renewal time each year. It may change due to fact​​​​ors like p​ast performance of the plan, changes to claim prices and the level of the Ontario Agricultural Products Insurance Fund.

​​Reported number of acres​​​​

This refers to the total number of planted acres you reported when you finished planting. Once your final planted acres are reported, Agricor​​p sends you the premium invoice.

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​​Discounts an​d surcharges

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

​Claim prices

Claim prices are set by Agricorp and based on information from the Ontario Processing Vegetable Growers (OPVG).

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​The claim price is based on the OPVG previous y​ear’s dicer contract price less trucking costs and board fees.





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Canadian Agricultural Partnership – Agricorp – Ontario – Canada