2020 Premium rates
Customer premium rates|
by coverage level ($/acre)
Calculating your total premium
Your total premium is based on:
- Coverage level
- Mapped seedling acres
The premium is calculated using this formula:
Total premium = mapped seedling acres x premium rate
The ginseng claim price for 2020 is $11,150 per 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.