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.

 2023 ​Premium​​​ rates and claim prices 

Coverage type

Maximum  
replant claim rate
​($/acre)

Claim price

Premium rate by coverage level
($/acre)

80%

85%

90%

Total production coverage

Lesser of transplant costs or $802

Industry negotiated

N/A

N/A

$72.95

Calculating your annual 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 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 of the Ontario Agricultural Products 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.

Discount

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 price

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

The claim price for processing tomatoes is based on 90% of the current year's estimated blend price by processor. Each processor provides their estimated blend price information to the OPVG, who then provides it to Agricorp. The estimated blend price is calculated using:

  • Current year's contract price of juice, whole peel, paste and bulk paste
  • Previous year's end-use percentage of juice, whole peel, paste or bulk paste
  • Current year's productivity factor





Canadian Agricultural Partnership – Agricorp – Ontario – Canada