Agricorp

What Agricorp does

Agricorp is an Ontario Crown corporation established under the AgriCorp Act, 1996, that serves as the exclusive delivery agent for federal-provincial agricultural risk management programs in Ontario. It administers four core programs: AgriStability (income stabilization with 80% compensation and a $3M annual payment cap), AgriInvest (government-matched savings with up to $10,000 in annual matching contributions), Production Insurance (covering 100+ commodities against yield and acreage losses from adverse weather, disease, and pests), and the Risk Management Program (sector-specific plans for Cattle, Hogs, Sheep, Veal, Grains and Oilseeds, and Edible Horticulture). Underlying technology is a web-based program administration platform with a self-service portal (eservices.agricorp.com) supporting online acreage and yield reporting, document management, and account access, complemented by phone (1-888-247-4999), mail, and in-person channels.

Agricorp is not a commercial enterprise: program costs are shared 60:40 between the federal and Ontario governments under the Canadian Agricultural Partnership, and no commercial revenue is generated from farmers for program access. Farmers pay modest participation fees (e.g., 0.45% of reference margin × 70% + $55 admin under AgriStability). The go-to-market is direct-to-producer, distributing programs through the agricorp.com website, personalized emails, and agricultural stakeholder networks including the Ontario Federation of Agriculture and commodity organizations. The organization is headquartered in Guelph, Ontario (1 Stone Road West) with 251-500 employees, and operates under the authority of the Ontario Ministry of Agriculture, Food and Agribusiness with strategic core partnership with Agriculture and Agri-Food Canada.

Name

Agricorp

Legal name

Agricorp

Website

https://agricorp.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

251–500 employees

Short description

Agricorp is an Ontario Crown corporation that delivers federal-provincial agricultural risk management programs—AgriStability, AgriInvest, Production Insurance, and the Risk Management Program—exclusively to Ontario farmers under the Canadian Agricultural Partnership.

Ownership category

akta.pro rank

Product category

Agricultural Risk Management

NAICS

Farm Management Services (115116), Regulation of Agricultural Marketing and Commodities (92614), Support Activities for Animal Production (11521)

SIC

Agricultural Services (700)

akta.pro primary industry

Farm Risk Management & Insurance Advisory (AFACAJAD)

akta.pro secondary industries

Crop & Farm Property Insurance (FSAJACAK), Whole-Farm Business Management & Budgeting Advisory (AFACAJAA), Agriculture, Fisheries & Food Administration (BPAIAAAO)

Keywords

• Agricultural risk management
• Crop insurance programs
• Farm income stabilization
• Government farm programs
• Production insurance

Headquarters

HQ city

Guelph

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Government Program Administration: Agricorp is a Crown corporation that administers agricultural risk management programs on behalf of the federal and provincial governments. The organization is funded through the Canadian Agricultural Partnership with costs shared 60:40 between federal and provincial governments. No commercial revenue is generated from farmers directly for program administration.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Agricorp administers federal-provincial agricultural risk management programs to Ontario farmers on behalf of the Government of Ontario and Agriculture and Agri-Food Canada. Its portfolio covers income stabilization (AgriStability), matched savings (AgriInvest), yield and acreage insurance across 100+ commodities (Production Insurance), and sector-specific Risk Management Program plans for cattle, hogs, sheep, veal, grains and oilseeds, and edible horticulture. Programs are funded 60:40 federal-to-provincial with participating producers paying participation fees and premiums.

Product overview

Agricorp is a crown corporation that delivers agricultural business risk management programs to Ontario producers on behalf of federal and provincial governments. The organization administers a portfolio of four core programs: AgriStability (income stabilization protecting against farm income declines below 70% of recent average with 80% compensation rate), AgriInvest (government-matched savings account with 1% matching up to $10,000 annually), Production Insurance (yield and acreage insurance covering over 100 commodities against adverse weather, disease, and pests), and the Risk Management Program (RMP) with sector-specific plans for Cattle, Hogs, Sheep, Veal, Grains and Oilseeds, and Edible Horticulture. Programs include online reporting tools for acreage and yields. The organization also administers Farm Business Registration. All programs operate under the Canadian Agricultural Partnership framework with costs shared 60:40 between federal and provincial governments.

Differentiator

Problem solved

Functional benefit

Products and services

• AgriStability Federal-provincial income stabilization program that protects Ontario producers from significant declines in farm income caused by market conditions, production loss, or increased costs. Compensation rate of 80% on shortfalls below the payment trigger, with a maximum payment of $3 million per program year. Participants pay a fee of 0.45% × fee reference margin × 70% coverage level plus $55 administrative cost (minimum fee $45; late payment incurs 20% increase).
• AgriInvest Savings account with matching government contributions administered by Agriculture and Agri-Food Canada and delivered in Ontario by Agricorp. Producers can deposit up to 100% of their net sales eligible and receive a 1% government matching contribution, with maximum annual government contributions of $10,000.
• Production Insurance Insurance program covering yield and acreage losses due to adverse weather, disease, pest infestation, or other insured perils. Covers over 100 agricultural commodities including grains, oilseeds, fresh vegetables, processing vegetables, fruits, honey, bees, forage, tobacco, and hemp.
• Risk Management Program (RMP) Ontario provincial program helping producers manage risks beyond their control, including fluctuating costs and market prices. RMP includes separate plans for six sectors: Cattle, Hogs, Sheep, Veal, Grains and Oilseeds, and Edible Horticulture. Funded jointly by the Ontario government and producer premiums.
• RMP: Grains and Oilseeds Plan helping Ontario producers offset losses when crop market prices fall below annual support levels. Support level is based on industry average cost of producing crops (target price), calculated annually by the Ministry of Agriculture, Food and Agribusiness.
• RMP: Cattle Insurance-like plan for Ontario cattle producers to offset losses caused by fluctuating commodity prices and production costs. Participants pay premiums based on their insured production and chosen coverage level.
• RMP: Hogs Insurance-like plan for Ontario hog producers to offset losses caused by fluctuating commodity prices and production costs. Participants pay premiums based on their insured production and chosen coverage level.
• RMP: Sheep Insurance-like plan for Ontario sheep producers to offset losses caused by fluctuating commodity prices and production costs. Participants pay premiums based on their insured production and chosen coverage level.
• RMP: Veal Insurance-like plan for Ontario veal producers to offset losses caused by fluctuating commodity prices and production costs. Participants pay premiums based on their insured production and chosen coverage level.
• RMP: Edible Horticulture Self-directed risk management (SDRM) program where producers deposit funds into accounts and the deposit is matched by government to help mitigate farm business risk. Agricorp sends personalized participation forms to eligible producers in September.
• Contract of Insurance - General Terms Legal contract document outlining the general terms of Production Insurance coverage, including responsibilities of all parties and Agricorp's promise to pay when defined events occur. Commodity-specific terms are available for Bee Health, Forage Rainfall, Fresh Market Vegetables, Fruit, Grains and Oilseeds, Hemp, Honey, New Forage Seeding, Processing Vegetables, and Tobacco.

Quantifiable outcome

• 80% compensation rate for income shortfalls below payment trigger
• +2 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Agriculture and Agri-Food Canada (AAFC)coreStrategic or Co-development PartnerFederal government partner providing funding and program policy under the Canadian Agricultural Partnership. Costs are shared 60:40 between federal and provincial governments. AAFC also delivers AgriInvest nationally while Agricorp administers it in Ontario.
• Ontario Ministry of Agriculture, Food and Agribusiness (OMAFRA)coreStrategic or Co-development PartnerProvincial government partner providing funding, technical information, and policy direction. OMAFRA provides updated Technical Information Circulars to Agricorp as required and houses the Agricultural Information Contact Centre (AICC) for program inquiries.
• Agricultural Credit Corporation (ACC)minorStrategic or Co-development PartnerACC delivers the Advance Payments Program, a federal program providing low-interest cash advances to farmers. Advances up to $1 million available with first $250,000 interest-free. Livestock farmers must participate in AgriStability to qualify.
• Canada Revenue AgencyminorOthersIndividual farmers submit tax information (T1163/T1164 forms) to CRA for AgriStability and AgriInvest purposes. Agricorp receives tax data through inter-agency coordination.
• Agriculture, Food and Rural Affairs Appeal TribunalminorOthersIndependent tribunal that makes final binding decisions on disputes between Agricorp and Production Insurance customers. Appeals must be filed within one year of Agricorp's final decision.

Scale indicators1 record

Recent moves6 records

Expansion highlights4 records

Others

• Ontario Federation of Agriculture: Largest general farm organization in Ontario, advocating on behalf of producers and partnering with Agricorp on program promotion and outreach. Key stakeholder channel but not a direct operational competitor.
• Ontario Ministry of Agriculture, Food and Agribusiness: Provincial ministry that provides policy direction, technical information, and partial funding for programs Agricorp delivers. Parent ministry relationship; houses the Agricultural Information Contact Centre for producer inquiries.
• Agricultural Credit Corporation: Delivers the federal Advance Payments Program providing low-interest cash advances up to $1 million to Ontario farmers. Direct operational partner of Agricorp, with cross-referral requirements to AgriStability for livestock producers.

Direct peers

• Alberta Financial Services Corporation: Alberta's Crown corporation delivering AgriStability, AgriInvest, Production Insurance, and lending programs to producers. Comparable scale and mandate to Agricorp, operating under the same Canadian Agricultural Partnership framework in a different province.
• Saskatchewan Crop Insurance Corporation: Saskatchewan's Crown corporation administering crop insurance, AgriStability, and AgriInvest on behalf of federal-provincial governments. Mirrors Agricorp's model of being the sole delivery agent for government-backed farm risk management programs in its home province.
• La Financière agricole du Québec: Quebec's agricultural financing and risk management agency delivering federal-provincial programs (AgriStability, AgriInvest, crop insurance, farm financing) to Quebec producers. Direct functional peer operating the same programs under the same national framework.
• Manitoba Agricultural Services Corporation: Provincial Crown corporation delivering AgriStability, AgriInvest, Production Insurance, and wildlife damage compensation to Manitoba farmers. Operates an analogous federal-provincial risk management delivery model under the same Canadian Agricultural Partnership framework, making it the closest direct peer to Agricorp.

Regional players

• British Columbia Agricultural Risk Management: Delivers Production Insurance and AgriStability programs in British Columbia through government administration. Comparable in function to Agricorp but delivered through a ministry rather than a standalone Crown corporation.

Broad incumbents

• Farm Credit Canada: Federal Crown corporation providing lending, capital, and financial services to Canadian agriculture and agri-food. Adjacent to Agricorp's risk management mandate, offering complementary financial products to the same Ontario farmer base.
• Agriculture and Agri-Food Canada: Federal department that designs national agricultural policy, funds programs cost-shared with provinces, and administers AgriInvest nationally. Strategic partner to Agricorp and architect of the framework Agricorp operates within.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/agricorp

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Agricorp