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Rates

2024 Premium rates

Coverage type
Claim price option
Premium rates by coverage level
($/acre)
75%80%85%90%
ConventionalFloating 
$5.81
$7.40
$9.53
$12.39
Fixed 
$4.71
$6.00
$7.72
$10.04
OrganicFixed 
$21.53
$27.41
$35.27
$52.04*
TofuFloating 
$8.38
$10.67
$13.73
$17.86
Natto
Floating 
$11.12
$14.16
$18.22
$23.71
​Pedigreed seed
​Floating
​$6.77
$8.62
$11.09​$14.43​
 *A small portion of this premium rate has a higher premium cost. You pay 67% of the high-cost amount, and the federal and provincial governments pay the rest. The extra cost factors in high-risk commodities or risk-splitting, like choosing single-peril coverage or insuring separate orchards, hybrids, or harvest periods.

2024 Claim prices

Coverage type
Claim price option
Maximum replant claim price
($/acre)		Unseeded acreage claim price
($/bu)
Claim price
($/bu)
ConventionalFloating 
$108
$16.05
Floating
Fixed
 $108
$13.65
$13.65
Organic*
Fixed 
 $108
$34.10
$34.10
TofuFloating 
 $108
$19.05
Floating
NattoFloating 
 $108
$21.80
Floating
​Pedigreed seed*
​Floating
$108
$16.05
Floating
*In the case of a claim, if the crop does not qualify as organic soybeans or pedigreed seed soybeans, the conventional claim prices are used and no premium is refunded.

About premiums

Premium rates are cost-shared with government.

  • 60% of premiums is paid by federal and provincial governments, plus administrative costs.
  • 40% of 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 × number of acres

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.

More information

  • For your own premium rates, including any discount or surcharge you may have, see your Renewal Notice.
  • For information about how your discount or surcharge is calculated, see Discounts and Surcharges.

Claim price

Fixed claim prices are set at renewal and are available for conventional and organic soybeans. Floating claim prices are set at harvest and are available for pedigreed seed, tofu, natto and conventional soybeans.

If you grow...Floating claim price is determined by...
Conventional soybeansUsing the average Chatham elevator track price (the price of a railway carload of soybeans) between October 1 and October 21 of the program year.
Tofu soybeansAdding $3.00/bu to the floating claim price for conventional soybeans for the program year.
Natto soybeansAdding $5.75/bu to the floating claim price for conventional soybeans for the program year.
Pedigreed seed soybeansAdding a price premium to the floating claim price for conventional soybeans for the program year. This premium is based on an industry survey of average price premiums offered to contracted growers of pedigreed seed soybeans.

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Canadian Agricultural Partnership – Agricorp – Ontario – Canada
© Agricorp