About premiums
Premium rates are cost-shared with government.
- 60% of premiums is paid by federal and provincial governments, plus all administrative costs.
- 40% of premiums is paid by customers.
The rates Agricorp publishes represent the customer portion of the premium. Premium rates are set annually and are based on commodity prices and past claims.
Note: Some commodities have high-risk coverage options at a higher cost.
Your premium = premium rate × number of acres
For your own premium rates, see your Renewal Notice.
Claim price
There isn't a claim price for green peas. The price is included in the value of the crop because the crop is insured in dollars.
For green peas, the inflation/deflation price factor takes into account the current year’s negotiated price from the OPVG.
