Production Insurance
Forage rainfall


​​​​ These base premium rates are provided for information purposes only. For your own rates, see your renewal notice or coverage confirmation.

2023 Premium rates

OptionCoverage typePremium rate (% of liability)
Insufficient rainfallBase
Monthly weighting3.09%
Excess rainfall5 mm threshold4.75%
7 mm threshold2.96%

Calculating your annual premium

Your annual premium is based on:

  • The customer base premium rate
  • The coverage value you select
  • The coverage option you select

The annual premium is calculated using this formula:

Annual premium = coverage value x customer base premium rate

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 the coverage options and the level of the Ontario Agricultural Products Insurance Fund.​

Canadian Agricultural Partnership – Agricorp – Ontario – Canada