Production Insurance
Fruit vegetables, acreage loss basis

Rates

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

The minimum annual prem​​ium is $100 per crop category (e.g., $100 for leafy vegetable, $100 for root vegetable, etc.).

2020 Premium rates

Coverage type

Premium rate by coverage level
(% of insurable value)

60%

70%

80%

85%

Multi-peril

2.77

3.23

3.70

 n/a

Hail only

0.23

0.27

0.31

0.33

Frost only

0.17

0.19

0.22

0.24

Hail and frost

0.40

0.46

0.53

0.57


​​​​Calcula​​ting your annual premium

Your annual premium is a percentage of the total insurable value of each crop. The percentage used is a bas​​e premium rate set by Agricorp.

The premiu​​m is calculated using this formula:
​Annual premium = total insurable value x base premium rate

Total insurabl​​e value

Your total insurable value is determin​ed by multiplying the insurable value you choose (for each crop) by the number of acres you plant.​

Base premium r​​ate

The base premium rate is determin​​ed at renewal time each year. It may change due to factors like past performance of the plan, changes to threshold levels and the level of the Production Insurance Fund.





Canadian Agricultural Partnership – Agricorp – Ontario – Canada