Last year’s provincial budget included the continuation of the Risk Management Program (RMP) with $100 million in available funding each year. To ensure that all producers have equal access to the funding, an interim payment rate was used to calculate initial payments. The rate is based on market prices and support levels, and available funding.
Eligible livestock producers in RMP will receive their payments for the first and second quarter sales periods this month. Some cattle, hog, sheep and veal producers triggered payments because the average market prices fell below support levels.
Additional details on the interim rate are available in payment calculation summaries mailed to all livestock producers who enrolled in RMP and reported their sales to Agricorp.
For more information, read
How payments work – RMP for livestock or visit the
RMP for livestock section of agricorp.com.