I use Visual Studio 2013 Professional.
You also place the cursor for choosing a property. Use menu Edit → Refactor → Encapsulate Field...
Other information:
Since C# 3.0 (November 19th 2007), we can use auto-implemented properties (this is merely syntactic sugar).
And
private int productID;
public int ProductID
{
get { return productID; }
set { productID = value; }
}
becomes
public int ProductID { get; set; }