News

Premium rates set for RMP livestock plans

​For livestock producers who are thinking about their risk management options for 2012, premium rates are now set for the new Risk Management Program (RMP). Three coverage levels are available for the cattle, hog, sheep and veal plans. Premium rates and the  2012 Handbook - RMP for livestock are now posted on agricorp.com. More information about the 2012 program, including application and renewal forms, will be available in February.

2012​ Cattle premium rates1

Cattle categoryUnitCoverage level
80%90%100%
Cow-calf2$/head$18.98$30.65$42.59
Backgrounder3$/lb.$0.0021$0.0111$0.0336
Feedlot3$/lb.$0.0034$0.0185$0.0484

1The minimum annual premium per cattle category is $25. Premium rates have been adjusted to reflect ​the 40 per cent provincial funding.
2Premium = premium rate x number of calves to be sold
3Premium = premium rate x total eligible weight gain to be sold

2012 Hog premium rate​s1

Hog categoryUnitCoverage level
80%90%100%
Early wean2$/head$0.12$0.24$0.41
Feeder2$/head$0.02$0.08$0.25
Grower/finisher3$/kg of gain$0.0030$0.0109$0.0254

1The minimum annual premium per hog category is $25. Premium rates have been adjusted to reflect the 40 per cent provincial funding.
2Premium = premium rate x number of head to be sold
3Premium = premium rate x total eligible weight gain for hogs to be sold

2012 Sheep premium rates1

Sheep categoryUnitCoverage level
80%90%100%
Lamb2$/lb.$0.07$0.11$0.15

1The minimum annual premium is $25. Premium rates have been adjusted to reflect the 40 per cent provincial funding.
2Premium = premium rate x total eligible weight gain for lambs to be sold

2012 Veal premiu​​m rates1

Veal categoryUnitCoverage level
80%90%100%
Grain-fed2$/head$1.56$4.84$10.78
Milk-fed2$/head$5.97$16.22$27.88

1The minimum annual premium per veal category is $25. Premium rates have been adjusted to reflect the 40 per cent provincial funding.
2Premium = premium rate x number of head to be sold



Agricorp