About premiums
Premium rates are cost-shared with government.
- 60% of premiums is paid by federal and provincial governments, plus all 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
For your own premium rates, see your Renewal Notice.
Claim price
- Used to calculate any potential claim under production loss coverage.
- Set by Agricorp.
- Based on crop-specific information from the Ontario Processing Vegetable Growers (OPVG).
For sweet corn, the claim price is based on the OPVG current year’s negotiated contract price for the domestic market.
