Agricorp delivers a variety of programs and payments on behalf of the federal and provincial governments. Agricorp’s programs protect Ontario producers against many of the business and agricultural risks they face every day.
Risk Management Program
Ontario's new Risk Management Program (RMP) helps producers manage risks beyond their control, like fluctuating costs and market prices. The program is available for the cattle,
grains and oilseeds,
Production Insurance covers production losses and yield reductions caused by insured perils. Depending on the plan, coverage is available on a total-yield, dollar-value, or acreage-loss basis. Producers can choose the type and level of coverage that best meets their needs.
AgriStability covers large margin declines caused by production loss, increased costs or market conditions. If a producer’s margin falls below 70 per cent of their recent average, AgriStability helps to offset the difference.
Grain Financial Protection Program
Grain Financial Protection Program protects producers who sell grains and oilseeds to licensed dealers and producers or owners who store grains and oilseeds at licensed elevators. The program has both a licensing and inspection component and a financial protection component.
Farm Business Registration
All farms that gross $7,000 or more must register each year under the
Farm Business Registration (FBR) program. Registered farming operations are eligible to apply for the farmland property class tax rate. The annual fee pays for a membership in an accredited farm organization of the producer’s choice.
AgriInvest is a savings account that producers can use to either cover small income declines or support other investments. Each year, producers can deposit up to 1 per cent of their Allowable Net Sales (ANS) into a bank account and receive a matching government contribution. Producers can withdraw funds at any time.
AgriRecovery provides targeted, disaster-specific programming when assistance is needed beyond existing programs like AgriStability, Production Insurance or the Risk Management Program.
Beekeepers Financial Assistance Program
Beekeepers Financial Assistance Program offers help for Ontario beekeepers to cope with unusually high bee losses in 2015.
Marketing and Vineyard Improvement Program
The Marketing and Vineyard Improvement Program (MVIP) provides grape growers with funds to help with the cost of improvements to their production of wine grapes. Participants can receive a payment for up to 35 per cent of their improvement expenses.
VQA Wine Support Program
The Vintners Quality Alliance (VQA) Wine Support Program supports Ontario wineries in increasing competitiveness and innovation
while growing the sale of Ontario VQA wines at the Liquor Control Board of
Ontario (LCBO). The Program provides grants to help wineries invest in
growing their VQA wine business, including export and tourism development
Apple and Tender Fruit Weather Risk Mitigation Strategy
Canada-Ontario Apple and Tender Fruit Weather Risk Mitigation Strategy Initiative is a one-time payment to support and encourage apple and tender fruit producers to develop a weather risk mitigation strategy.