Risk Management Program
Grains and oilseeds

Rates

​​​20​​17​

​2017 Market prices​​

CommodityUnitPre-harvest Market Price
Barley$/lb.0.0801
Black beans$/lb.0.3846
Canola$/lb.0.2257
Corn (including organic and seed corn)$/bu.4.59
Cranberry beans$/lb.0.5219
Hard red winter wheat and hard white winter wheat$/bu.5.33
Japan, adzuki and other beans$/lb.0.5001
Kidney beans $/lb.0.5289
Oats$/lb.0.0885
Popping corn $/lb.0.2049
Soft red winter wheat and organic winter wheat$/bu.5.33
Soft white winter wheat $/bu.5.45
Soybeans (includes organic, tofu and natto varieties)$/bu.11.62
Spring grain $/lb.0.0822
Spring wheat$/bu.6.37
White beans$/lb.0.3906​

2017 Premium rate​s

Crop​UnitCoverage level
80%90%100%
Barley$/lb0.00120.00190.0027
Black beans$/lb--0.0007
Canola$/lb0.00020.00110.0025
Corn (including organic and seed corn)$/bu0.00220.0160.043
Cranberry beans$/lb--0.001
Hard red winter wheat and hard white winter wheat$/bu0.00330.01280.0309
Japan, adzuki and other beans$/lb--0.001
Kidney beans$/lb--0.001
Oats​​$/lb0.00120.00190.0027
Popping corn$/lb-0.00070.0019
Soft red winter wheat and organic winter wheat$/bu0.00330.01280.0309
Soft white winter wheat$/bu0.00330.01280.0309
Soybeans (includes organic, tofu and natto varieties)$/bu-0.00010.0217
Spring grains$/lb0.00120.00190.0027
Spring wheat$/bu0.00540.02420.0576
White beans$/lb-​-0.0007

When premium rates work out to the same price for different coverage levels, we offer only the higher coverage levels so you get th​​e best coverage for the same price. If the coverage level you had last year is not offered this year, you will be renewed at the next level. See the table for available coverage levels and rates for 2017.

2017 Support levels​

CropUnitCoverage level
80%90%100%
Barley$/lb0.0890.10020.1113
Black beans$/lb--0.3585
Canola$/lb0.21760.24480.272
Corn (including organic and seed corn)$/bu3.984.484.98
Cranberry beans$/lb--0.4366
Hard red winter wheat and hard white winter wheat$/bu5.265.916.57
Japan, adzuki and other beans$/lb--0.4366
Kidney beans$/lb--0.4366
Oats$/lb0.0890.10020.1113
Popping corn$/lb-0.20.2223
Soft red winter wheat and organic winter wheat$/bu5.15.736.37
Soft white winter wheat$/bu5.185.826.47
Soybeans (includes organic, tofu and natto varieties)$/bu-10.9112.12
Spring grain$/lb0.0890.10020.1113
Spring wheat$/bu6.16.877.63
White beans$/lb--0.3585

​​​​​201​6

2016​ Market pric​es​​

CropUnitPre-harvest Market PricePost-harvest Market Price
Barley​$/lb0.0680.0756
Black beans$/lb0.33360.3839
Canola$/lb0.22670.2189
Corn (including organic and seed corn)$/bu4.424.31
Cranberry beans$/lb0.4790.5165
Hard red winter wheat and hard white winter wheat$/bu5.374.49
Japan, adzuki and other beans$/lb0.43060.4587
Kidney beans$/lb0.49890.508
Oats$/lb0.08470.0841
Popping corn$/lb0.19730.1924
Soft red winter wheat and organic winter wheat$/bu5.324.56
Soft white winter wheat$/bu5.654.54
Soybeans (includes organic, tofu and natto varieties)$/bu12.5612.67
Spring grain$/lb0.07220.0777
Spring wheat$/bu6.275.58
White beans$/lb0.33060.3921​

​​2016 Premium​ Ra​tes

Crop​Unit​Coverage level
80%90%100%
Barley$/lb0.00080.00150.0022
Black beans$/lb--0.0007
Canola $/lb0.00030.00130.0025
Corn (including organic and seed corn)$/bu0.00220.01650.0435
Cranberry beans $/lb--0.0004
Hard red winter wheat and hard white winter wheat$/bu--0.0049
Japan, adzuki  and other beans $/lb--0.0004
Kidney beans$/lb--0.0004
Oats$/lb0.00080.00150.0022
Popping corn$/lb-0.00070.0019
Soft red winter wheat and organic winter wheat$/bu--0.0049
Soft white winter wheat $/bu--0.0049
Soybeans (includes organic, tofu and natto varieties)$/bu-0.00190.0399
Spring grains$/lb0.00080.00150.0022
Spring wheat$/bu0.00090.01170.0358
White beans$/lb--0.0007
​When premium rates work out to the same price for different coverage levels, we offer only the higher coverage levels so you get the best coverage for the same price. If the coverage level you had last year is not offered this year, you will be renewed at the next level. See the table for available coverage levels and rates for 2016.​

2016 Suppo​​rt levels​

​CropUnitCoverage level
​80%90%​100%
Barley$/lb0.10950.12320.1369
Black beans$/lb--0.3598
Canola $/lb0.21820.24550.2728
Corn (including organic and seed corn)$/bu4.134.645.16
Cranberry beans $/lb--0.4422
Hard red winter wheat and hard white winter wheat$/bu--6.73
Japan, adzuki  and other beans $/lb--0.4422
Kidney beans$/lb--0.4422
Oats$/lb0.10950.12320.1369
Popping corn$/lb-0.20730.2304
Soft red winter wheat and organic winter wheat$/bu--6.53
Soft white winter wheat $/bu--6.63
Soybeans (includes organic, tofu and natto varieties)$/bu-11.3712.63
Spring grains$/lb0.10950.12320.1369
Spring wheat$/bu6.216.987.76
White beans$/lb--0.3598

​Payment periods and p​​​​​rice sour​ces

For eac​​h eligible grain and oilseed crop, two payments are calculated for each crop year:

  • ​ The pre-harvest payment is based on the average of future delivery prices or forward contract ​​​prices for six months prior to harvest.

  • The post-harvest payment is based on the average of cash or spot prices for six months during and after​ harvest.

Crop Pre-harvest pricing period Post-harvest pricing period Source of forward contract and harvest spot prices ​
Barley 
​February– July ​August– January ​Average of monthly prices for delivery at a cross-section of Ontario elevators available from the Ontario Agri-Business Association
Black beansMarch – AugustSeptember – FebruaryAverage of monthly prices for delivery at a cross-section of Ontario elevators
CanolaJanuary – JuneJuly – DecemberAverage of monthly prices for delivery at a cross-section of Ontario elevators
CornApril – SeptemberOctober – MarchDaily averages for Chatham delivery
Cranberry beansMarch – AugustSeptember – FebruaryAverage of monthly prices for delivery at a cross-section of Ontario elevators
Hard red winter wheatJanuary – JuneJuly – DecemberDaily delivery prices are used to determine a weighted average price from the following locations: Grain Farmers of Ontario Terminal (25% weight), private terminals (25% weight) and country elevators (50% weight).
Hard white winter wheatJanuary – JuneJuly – DecemberDaily delivery prices are used to determine a weighted average price from the following locations: Grain Farmers of Ontario Terminal (25% weight), private terminals (25% weight) and country elevators (50% weight).
Japan, adzuki ​and other ​beans​March – AugustSeptember – FebruaryAverage of monthly prices for delivery at a cross-section of Ontario elevators
Kidney beansMarch – AugustSeptember – FebruaryAverage of monthly prices for delivery at a cross-section of Ontario elevators
​Oats​February  – July​​August– January ​Average of monthly prices for delivery at a cross-section of Ontario elevators available from the Ontario Agri-Business Association​
Organic cornApril – SeptemberOctober – MarchDaily averages for Chatham delivery.
Organic winter wheatJanuary – JuneJuly – DecemberDaily delivery prices are used to determine a weighted average price from the following locations: Grain Farmers of Ontario Terminal (25% weight), private terminals (25% weight) and country elevators (50% weight).
Soft red winter wheatJanuary – JuneJuly – DecemberDaily delivery prices are used to determine a weighted average price from the following locations: Grain Farmers of Ontario Terminal (25% weight), private terminals (25% weight) and country elevators (50% weight).
Soft white winter wheatJanuary – JuneJuly – DecemberDaily delivery prices are used to determine a weighted average price from the following locations: Grain Farmers of Ontario Terminal (25% weight), private terminals (25% weight) and country elevators (50% weight).
Soybeans (incl. organic, tofu and natto varieties)April – SeptemberOctober –​​ MarchDaily averages for Chatham delivery
Spring grainFebruary – JulyAugust – JanuaryAverage of monthly prices for delivery at a cross-section of Ontario elevators of barley (75% weight) and oats (25% weight)
Spring wheatJanuary – JuneJuly – DecemberDaily averages for Grain Farmers of Ontario Terminal delivery of red spring wheat
White beansMarch – AugustSeptember – FebruaryAverage of monthly prices for delivery at a cross-section of Ontario elevators

Note: There may be days when t​​he price source doesn’t offer bids or forward contracts. These days will be omitted from the actual market prices.

​​The market price for organic winter wheat is based on the value for soft red winter wheat. The market price for hard white winter wheat is based on the value for hard red winter wheat.  The market price for organic corn is based on the value for grain corn. For popping corn the market price is two and a half times the price of grain corn.


Ontario - Agricorp