Production Insurance


These base premium rates are provided for information purposes only. For your own rates and for any surcharge or discount you may have, refer to your renewal notice or coverage confirmation.

2021 Premium rates
Coverage type
Customer base premium rates by coverage level
ConventionalFloating claim price$6.55
Fixed claim price$5.11
OrganicFixed claim price$10.56
2021 Prices and values
Coverage typeMaximum replant claim rate ($/acre)
Unseeded acreage claim rateClaim price
ConventionalFloating claim price$122
Fixed claim price
OrganicFixed claim price$122
2021 Corn salvage benefit
Type of damageBenefit amount
Sample grade$0.60
DON 3 ppm to 4.9 ppm$0.60
DON 5 ppm to 7.9 ppm$0.87
DON 8 ppm and above$1.16

​​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 × customer base premium rate × 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 Ontario Agricultural Products Insurance 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.

​​​Claim price

The organic plan has a fixed claim price only. The conventional plan offers:

  • Fixed claim price – a claim price that is set at renewal time.
  • Floating claim price –​ ​a claim price that is set at harvest time. It is determined by adding the difference between the Chatham track price and the Chatham board price to the Hensall board price, minus $0.20 per bushel allowance for non-incurred expenses (i.e. drying) between October 21 and November 10 of the current crop year.

Canadian Agricultural Partnership – Agricorp – Ontario – Canada