For livestock producers who are thinking about their risk management options for 2012, premium rates are now set for the new Risk Management Program (RMP). Three coverage levels are available for the cattle, hog, sheep and veal plans. Premium rates and the
2012 Handbook - RMP for livestock are now posted on agricorp.com. More information about the 2012 program, including application and renewal forms, will be available in February.
2012 Cattle premium rates1
| Cattle category | Unit | Coverage level |
|---|
| 80% | 90% | 100% |
|---|
| Cow-calf2 | $/head | $18.98 | $30.65 | $42.59 |
| Backgrounder3 | $/lb. | $0.0021 | $0.0111 | $0.0336 |
| Feedlot3 | $/lb. | $0.0034 | $0.0185 | $0.0484 |
1The minimum annual premium per cattle category is $25. Premium rates have been adjusted to reflect the 40 per cent provincial funding.
2Premium = premium rate x number of calves to be sold
3Premium = premium rate x total eligible weight gain to be sold
2012 Hog premium rates1
| Hog category | Unit | Coverage level |
|---|
| 80% | 90% | 100% |
|---|
| Early wean2 | $/head | $0.12 | $0.24 | $0.41 |
| Feeder2 | $/head | $0.02 | $0.08 | $0.25 |
| Grower/finisher3 | $/kg of gain | $0.0030 | $0.0109 | $0.0254 |
1The minimum annual premium per hog category is $25. Premium rates have been adjusted to reflect the 40 per cent provincial funding.
2Premium = premium rate x number of head to be sold
3Premium = premium rate x total eligible weight gain for hogs to be sold
2012 Sheep premium rates1
| Sheep category | Unit | Coverage level |
|---|
| 80% | 90% | 100% |
|---|
| Lamb2 | $/lb. | $0.07 | $0.11 | $0.15 |
1The minimum annual premium is $25. Premium rates have been adjusted to reflect the 40 per cent provincial funding.
2Premium = premium rate x total eligible weight gain for lambs to be sold
2012 Veal premium rates1
| Veal category | Unit | Coverage level |
|---|
| 80% | 90% | 100% |
|---|
| Grain-fed2 | $/head | $1.56 | $4.84 | $10.78 |
| Milk-fed2 | $/head | $5.97 | $16.22 | $27.88 |
1The minimum annual premium per veal category is $25. Premium rates have been adjusted to reflect the 40 per cent provincial funding.
2Premium = premium rate x number of head to be sold
