These base premium rates are provided for information purposes only. For your own rates, please refer to your renewal notice or confirmation of insurance.
Maximum reseeding benefit($/acre)
Premium rates by coverage level($/acre)
The minimum total customer premium is $25.
Your annual premium is based on:
The premium is calculated using this formula:
Annual premium = number of acres x base premium rate x D or S
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.
This refers to the total number of planted acres that you or your processor reported when you finished planting. Once your final planted acres are reported, Agricorp sends the premium invoice to you or your processor, depending on who pays.
The claim price is based on an estimated final price provided by the Michigan Sugar Company.