Production Insurance


These base premium rates are provided for information purposes only. For your own rates, refer to your underwriting summary, which shows any surcharge or discount you might have.

Starting this year, you can buy more Production Insurance coverage for your valuable crops with our new coverage levels. The government is adding these new coverage levels so you have more options and flexibility to manage your risks.

When comparing what your fruit is worth to the cost of paying your premium, Production Insurance provides excellent value. If you would like to add more coverage, please call us by January 4, 2021. See the tables below for new coverage level information.

2021 Premium rates

Coverage type

Customer base premium rates by coverage level

(% of liability)


2021 Claim prices


Claim prices ($/lb)


2021 customer premium rates and claim prices for trees

Standard  coverage
(no cost)
Additional coverageClaim price
(% of trees)
(% of trees)
(% of liability)

​​Calculating your a​nnual premium

Your annual premium (AP) is based on:

  • Base premium rate
  • Guaranteed value (GV)
  • Discounts and surcharges (D or S)

The premium is calculated using this formula:

AP = base premium rate × GV × D or S​

Base premiu​​m rate

The base premium rate is determined at renewal time each year. It may change due to factors like past performance of the plan, changes to claim ​​prices and the level of the Ontario Agricultural Products Insurance Fund​​.

Guarante​ed value

Your guaranteed valu​​e is determined by multiplying your guaranteed production by your selected claim price.

Discounts and​​ surcharges​

If you have been enrolled in a Production Insurance plan for more than one year, your premium rate may be discounted or surcharged. Discounts and surcharges are determined by comparing your individual claim ​​​rate to the claim rate for the crop plan as a whole.​​

Please refer to the Discounts and Surcharges feature sheet. 

Premium deposit

For 2021, we are waiving the premium deposit – you will receive an invoice for the full premium amount in the spring of 2021.

Canadian Agricultural Partnership – Agricorp – Ontario – Canada