Production Insurance
Hand-picked cucumbers (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.

​​​​​​​​2022 Premium rates and claim prices

Claim priceMaximum replant claim rate
($/acre)​
Premium rate by coverage level
($/acre)​
70%75%80%85%
Dollar value$407
$35.74
$46.46
$58.26
$71.15

​Calculating your ann​​ual premium

Your annual premium ​is based on:

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

​The premium is calculated using this formula:​

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

​​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.

​​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).

​​​Dollar values are based on the current year's negotiated price by grade from the OPVG. Contract p​​rices negotiated in U.S. dollars will be converted into Canadian dollars u​sing a final currency exchange rate, available once the currency exchange period ends.






Canadian Agricultural Partnership – Agricorp – Ontario – Canada