Production Insurance
Tomatoes (processing)

Rates

​These base premium rates are provided for informati​on purposes only. For your own rates, please refer to your renewal notice or confirmation of insurance.

 2020 ​Premium​​​ rates and claim prices 

Coverage type

Maximum  
r​eseeding benefit​
​($/acre)

Claim price

Premium rate by coverage level
($ per acre)

80%

85%

90%

Total production coverage

Lesser of transplant costs or $751

Industry negotiated

n/a

n/a

41.50


​Calculating your ann​​ual premium

Your annual premium ​is based on:

  • Base premium rate
  • Reported number of acres
  • Discounts and surcharges (D or S)

​The premium is calculated using this formula:​

Annual premium = number of acres x base premium rate x D or S

​​Base premium ra​​​​te

The base premium rate is determined at renewal time each year. It may change due to fact​​​​ors like p​ast performance of the plan, changes to claim prices and the level of the Production Insurance Fund.

​Reported number of acres

This refers to the total number of planted acres reported by your processor when you finish planting. Once your final planted acres are reported, Agricorp sends the premium invoice to you or your processor, depending on who pays.

​Disco​​unt

You may be eligible for a 20 per cent discount if:

  • You insured your tomatoes the current and preceding year.
  • You have enrolled in the tomato Production Insurance plan for at least five years
  • Your total premiums (customer and government share from all years insured) are greater than your total claims (from all years insured)

​Claim prices

Claim prices are set by Agricorp and based on information from the Ontario Processing Vegetable Growers (OPVG).

The claim price is 90 per cent of the esti​​​mated​​ final blend price provided by the OPVG and varies by processor.​





Canadian Agricultural Partnership – Agricorp – Ontario – Canada