Production Insurance
Ginseng

Rates

​​​​​2021​ Premium ​​​rates

​​​ Customer premiu​m rates
by coverage level ($/acre)
​70%​75%80%85%
​$157.74
$185.20
$219.69
​$264.29

Calculating your total pre​​mium

Your total premium is ba​​sed on:

  • Coverag​​e level
  • Mapped see​​dling acres

The premium is calculate​d using this formula:

Total premium = mapped seedling ​​acres × premium rate

Claim pri​​ce

The ginseng claim price for 2021 is $11,150 p​​er acre. Claim price is based on cost of production figures published by the Ontario Ministry of Agriculture, Food and Rural Affairs.​

Payments for overseeding coverage are based on a farmer's eligible expenses and will not exceed the claim price. 






Canadian Agricultural Partnership – Agricorp – Ontario – Canada