Managing livestock price risks

March 5, 2024

Ontario livestock farmers face different challenges each year, including fluctuating market prices and input costs. The Risk Management Program (RMP) for livestock can help. It’s designed to work like insurance and help farmers manage risks beyond their control.

2024 rates are now available for cattle, hog, sheep, and veal farmers to help them consider their coverage options. 

To apply, submit an RMP for livestock application on by April 1. Existing customers will get their renewal packages this month and also have until April 1 to make coverage changes.

How RMP for livestock works

Farmers receive RMP payments if market prices for sold livestock fall below their support level, which is based on the industry average cost of producing livestock and the chosen coverage level.

By participating in RMP for livestock and other programs Agricorp delivers, farmers can get comprehensive coverage that meets their needs, when they need it most.

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