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($/acre)
Premium rate by coverage level
($ per acre)
Total production coverage
Lesser of transplant costs or $751
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 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.
You may be eligible for a 20 per cent discount if:
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 estimated final blend price provided by the OPVG and varies by processor.