Production Insurance
Green and wax beans (processing)

Rates

​​​​​​​​​​​​​

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

2020​ Premium rates and claim prices 

Coverage type

Maximum seed cost benefit
($/acre)

Maximum reseeding benefit
($/acre)

Premium rate by coverage level
($ per acre)

80%

85%

90%

Separate harvest coverage

$313

$369

$30.46

n/a

n/a

Total production coverage

$313

$369

$21.80

$28.96

n/a

The customer portion of the seed cost benefit premium is $3.66/acre for green and wax beans.​


​​Calculating your annual ​​premium

Your annual premium is based on:

  • Base premium rate
  • Reported number of acres

​The premium is calculated using this formula:

Annual premium = number of acres x base prem​ium rate

​​Base premium ra​​​​te

The base premium rate is determined at renewal time each year. It may change due to fact​​​​ors like p​ast performance of the plan, changes to claim prices and the level of the Production Insurance Fund.

​Reported number of acres

This refers to the total number of planted acres reported by your processor when you finish planting. Once your final planted acres are reported, Agricorp sends the premium invoice to you or your processor, depending on who pays.

​Claim prices

Claim prices are set by Agricorp and based on information from the Ontario Processing Vegetable Growers (OPVG).

Dollar values are based on the cur​​rent year’s negotiated price from the OPVG.





Canadian Agricultural Partnership – Agricorp – Ontario – Canada