About premiums
Crop premium rates are cost-shared with government.
- 60% of crop premiums is paid by federal and provincial governments, plus all administrative costs.
- 40% of crop 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 × guaranteed value
Guaranteed value: Determined by multiplying your guaranteed production by the claim price you select.
Guaranteed production: Determined by multiplying your final average yield by the coverage level you select.
If you have been enrolled in the program for more than one year, your premium rate may be discounted or surcharged based on your claim history for the commodity.
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