Updated: June 1, 2012 at 9:20 p.m.
Ontario’s fruit growers who have been affected by recent frost can contact Agricorp to explore their risk management options under the following risk management programs:
Production Insurance covers production loss and yield reductions caused by insured perils. Producers must notify Agricorp of changes to their farm management practices and report any damage, including frost, as soon as it occurs.
Self-Directed Risk Management (SDRM) plan provides accounts into which producers deposit funds that are matched by the Ontario government. Producers can withdraw funds to cover a reduction in income or other losses related to their farm operation.
AgriStability covers margin declines caused by production loss, increased costs, or market conditions. Producers can apply to receive an advance on their estimated AgriStability payment before they complete their fiscal year.
- Similar to SDRM,
AgriInvest is a savings account with matching government contributions. Producers can withdraw funds at any time to alleviate risk or make other investments.
Agricorp is working closely with industry groups and affected growers to keep them informed about their program coverage as the growing season progresses. To learn more about programs available to fruit growers, visit agricorp.com and select a fruit crop from the list of commodities.