2012 Claim prices for tree fruit Production Insurance plans
This Production Insurance Document applies to the 2012 crop year and shall remain in
force each subsequent year until it is cancelled, amended or replaced.
The claim price is used to convert your Guaranteed Production (lbs or kg) to a Guaranteed Value
($) and also to convert your final yield from pounds or kilograms to a dollar value. Production
claims are calculated as the difference between your guaranteed value and yield. Each year, your
coverage is automatically renewed at the coverage and claim price options you chose the previous
year. To change your coverage or claim price option, you must contact Agricorp by December 20,
2011. Listed below are the 2012 claim prices for the Production Insurance plans covering tree fruit.
Apples
The final apple juice claim price is established by Agricorp at harvest time to reflect market
conditions. It is determined using the current year’s negotiated price for ground juice apples less
harvesting costs. For 2012 premium calculations, an estimated juice price of $0.0325 cents/pound
will be used.
For 2012, the following claim price options are available for fresh apples:
cents/pound
$0.32
cents/pound
$0.27
cents/pound
$0.24
cents/pound
$0.22
Apple trees and grape vines
The claim prices for apple trees and grape vines represents the sum of the preplanning and
planting costs in addition to the cost to purchase a new tree from the nursery.
Crop
Apple Trees
Grape Vines:
Labrusca
French Hybrids
Vinifera
Claim Price
$28.16/tree
$14.45/vine
$14.29/vine
$12.78/vine
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Tender fruit
Crop
Claim Price Options
Fresh:
Processing:
Nectarines:
Option 1:
Option 2:
Peaches and Nectarines
Pears
Plums
Sour Cherries
$0.46/lb
$0.17/lb
$0.51/lb
$0.41/lb
$0.21/lb
$0.65/lb
You have a choice between three sour cherry claim price caps. Your
premium is calculated in the spring using the chosen claim price cap.
The 2012 final sour cherry claim price is calculated using the 2012
negotiated price of 92-score cherries less 2012 board fees and a nonincurred cost of 1.8 cents per pound. This final claim price is capped at
the chosen claim price cap. Your guaranteed value and premium are
re-calculated using the final claim price. If the premium re-calculation
results in a lower premium, the difference is refunded. Declared yields
and any claim (if applicable) are calculated using the final claim price.
The claim price cap options for 2012 are: $0.20/lb, $0.25/lb & 0.30/lb.
Sweet Cherries
Fresh:
Processing:
$0.70/lb
$0.37/lb
Note: Separate claim prices are available for fresh market and processing peaches, nectarines, pears, and
sweet cherries. You may insure your fresh market crops at the lower processing price; however, you can’t
insure crops grown for processing at the higher fresh market price.
Production Insurance Documents (PIDs) form part of the Contract of insurance and should be used
in the interpretation of the Contract and the determination of claims under the Contract. Except
where provided otherwise, each PID shall be in force for the crop year in respect of which it is
made and shall continue in force for each crop year thereafter until it is cancelled or replaced.
Where there is any conflict between the provisions of a PID and the provisions of Part 1 of the
Contract of Insurance, the provisions in the PID take precedence. Where there is any conflict
between the provisions of a PID and the provisions of an Insuring agreement of the Contract of
insurance, the provisions of the Insuring agreement take precedence.
Contact Us
1-888-247-4999
TTY: 1-888-247-1380
(Mon. to Fri., 7 to 5)
Fax: 519-826-4118
Agricorp.com
[email protected]
Version française disponible
2011-11-15
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