Risk Management Program
Cattle

Rates

​​​​​​​​​​​​​​2019 Cattle pr​​emium ra​​tes

Cattle categoryUnitCoverage level
80%90%​95%100%
Cow-calf$/head​6.7011.​6314.26​16.97
Backgrounder$/lb. of gain0.00020.00320.0071​0.0125
Feedlot$/lb. of gain0.00240.0132​0.02100.0291​

​​The minimum annual premium​​ per cattle category is $​25.

Cow-calf premium =
premium rate x number of calves

Backgrounder and feedlot premium =
​premium rate x total eligible weight gain

Pay​​ment rates

Payment rates are based on the difference between the support level and the average market price for the payment calculation period.

Sup​​port ​​level

The support level is based on the target price multiplied by your chosen coverage level. The cost of production is calculated by OMAFRA, based on the sum of livestock purchase costs, feed costs and yardage.

For the cow-calf categor​​y, the support level remains constant for the program year. For the backgrounder and feedlot categories, support levels are calculated every week and will vary from week to week.

For more details, please see the RMP for livestock Participant Handbook.​​​

Mar​​​ket prices

Market prices for each livestock​​​ category are collected and calculated by OMAFRA.

For the cow-calf category, market prices are calculated twice per year. For the backgrounder and feedlot catego​​ries, market prices are calculated every week and will vary from week to week.

For more details, please see the RMP for livestock Participant Handbook​​.

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Ontario - Agricorp