Risk Management Program
Grains and oilseeds

Rates

​​​​2018​

2018 Premium Rates
CommodityCoverage level
80%90%100%​
Barley0.00120.00210.0029
Black beans--0.0008
Canola0.00020.00130.0029
Corn including organic and seed corn0.00200.01680.0454
Cranberry beans-0.00060.0018
Hard red winter wheat and hard white winter wheat0.00320.01570.0372
Japan, adzuki and other beans-0.00060.0018
Kidney beans-0.00060.0018
Oats0.00120.00210.0029
Popping corn0.00020.00070.0020
Soft red winter wheat  and organic winter wheat0.00320.01570.0372
Soft white winter wheat0.00320.01570.0372
Soybeans (includes organic, tofu and natto varieties)-0.00020.0280
Spring grain0.00120.00210.0029
Spring wheat0.00340.02450.0632
White beans--0.0008​

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 2018.

2018 Support levels
CommodityCoverage level​
80%90%100%
Barley0.09000. 10130.1125
Black beans--0. 3663
Canola0. 22460.25270. 2808
Corn including organic and seed corn3.994.494.99
Cranberry beans-0.40000.4444
Hard red winter wheat and hard white winter wheat5.506.186.87
Japan, adzuki and other beans-0.40000.4444
Kidney beans-0.40000.4444
Oats0.09000.10130.1125
Popping corn0.17830.20050.2228
Soft red winter wheat  and organic winter wheat5.346.006.67
Soft white winter wheat5.426.096.77
Soybeans (includes organic, tofu and natto varieties)-11.0512.28
Spring grain0.09000.10130.1125
Spring wheat6.347.147.93
White beans--0.3663

​​​​​​​​20​​17​

​2017 Market prices​​
CommodityUnitPre‑harvest Market PricePost‑harvest Market Price
Barley$/lb.0.08010.0922​
Black beans$/lb.0.38460.3569
Canola$/lb.0.22570.2268
Corn (including organic and seed corn)$/bu.4.594.32
Cranberry beans$/lb.0.52190.5100
Hard red winter wheat and hard white winter wheat$/bu.5.335.16
Japan, adzuki and other beans$/lb.0.50010.4426
Kidney beans $/lb.0.52890.4945
Oats$/lb.0.08850.0998
Popping corn $/lb.0.20490.1929
Soft red winter wheat and organic winter wheat$/bu.5.335.14
Soft white winter wheat $/bu.5.455.19
Soybeans (includes organic, tofu and natto varieties)$/bu.11.6211.94
Spring grain $/lb.0.08220.0941
Spring wheat$/bu.6.376.86
White beans$/lb.0.39060.3525
2017 Premium rate​s
Crop​ UnitCoverage level
80%90%100%
Barley$/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​
Crop UnitCoverage 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

​​​​​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