Production Insurance
Root vegetables, acreage-loss 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.

​​

2021 Prem​​​ium rates

Coverage type

Premium rate by coverage level
(% of insurable value)

60%

70%

80%

85%

Multi-peril

3.00

3.50

4.00

 n/a

Hail​ only

0.43

0.50

0.57

0.61

Frost only

0.13

0.15

0.17

0.19

Hail and frost

0.56

0.65

0.74

0.80


​​​​Calcula​​ting your annual premium

Your annual premium is a percentage of the total insurable value of each crop. The percentage used is a bas​​e premium rate set by Agricorp.

The premiu​​m is calculated using this formula:
​Annual premium = total insurable value x base premium rate

Total insurabl​​e value

Your total insurable value is determin​ed by multiplying the insurable value (for each crop) by the number of acres you plant.​

Base premium r​​ate

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





Canadian Agricultural Partnership – Agricorp – Ontario – Canada