Production Insurance


​​​​​​​​​These base premium rates are provided for information purposes only. For your own rates and for any surcharge or discount you may have, please refer to your coverage confirmation.

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 ​​​and claim prices

​ Fresh market claim priceProcessing claim priceCustomer premium rate by coverage level
(% of liability)


Calculating your a​​nnual premium

Your annual pr​​emium (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 premium​​​ 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 o​​f 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 sur​​​charges

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.

For more information, see the Discounts and Surcharges feature sheet on the Publications page.

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