RMP: Grains and Oilseeds helps Ontario producers offset losses caused by low commodity prices and rising production costs. Payments are made if a crop’s market prices fall below the annual support level. The support level is based on the cost of production, which is calculated annually by the Ontario Ministry of Agriculture, Food and Rural Affairs (OMAFRA).
This plan was designed in consultation with representatives of the grain and oilseed sector and the Ontario Federation of Agriculture.
What’s new for 2012
RMP was launched as a new program in 2011. If you participated in the grains and oilseeds plan in 2011, you will notice a few changes in the program for 2012, which are summarized below:
- Program deadlines have changed
- You have a choice of coverage levels
- You must pay a premium
- You must participate in AgriStability and Production Insurance
- You must provide a premises identification number.