Production Insurance
Potatoes (yield basis)

Rates

​​​​​​​

​These base premium rates are provided for information purposes only. For your own rates, please refer to your renewal notice or confirmation of insurance, which show​s any surcharge or discount you might have.

​​

2020 Premium and claim rates

Claim price

Maximum reseeding benefit
($/acre)

Premium rates by coverage level
($/acre)

70%

75%

80%

85%

90%

$16/cwt

$1,028

$45.06

$58.22

$75.73

$96.56

$119.46

$18/cwt

$1,028

$50.69

$65.50

$85.20

$108.63

$134.39

​ 


​Calculating your ​​annual premium

Your annual premium is based on:

  • Base premium rate
  • Discounts and surcharges (D or S)
  • Reported number of acres

The premium is calculated using this formula:

Annual premium = number of acres x base premium rate x D or S

Base premium ra​​te

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 Production Insurance Fund.

Discounts and su​​rcharges

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 determi​​ned by comparing your individual claim rate to the claim rate for the crop plan as a whole.

Reported number​​ of acres

This refers to the total number of planted acres you report when you finish planting. Once you report your fina​​​l planted acres, Agricorp sends your premium invoice.

Minimum premium

The minimum total customer premium is $100.

​​Claim pr​​ices

The claim price is applied to your yield to calculate a dollar value for the purpose of paying a claim. Your claim amount equals your yield shortfall (total guarante​​ed production minus your total yield) multiplied by the claim price.

The claim price is calculated using two options based on a five-year average of fresh table stock potatoes minus non-incurred costs (trucking and board fees).





Canadian Agricultural Partnership – Agricorp – Ontario – Canada