These base premium rates are provided for information purposes only. For your own rates, please refer to your renewal notice or confirmation of insurance.
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
$72.95
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 Ontario Agricultural Products 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 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: