The self-directed risk management (SDRM) plan for edible horticulture allows a producer who grows an eligible commodity to establish an account with Agricorp to help mitigate risk associated with farm business.
The producer makes a deposit into an SDRM account and the Ontario government will make a contribution, up to the maximum indicated on the deposit notice. Funds may be used to cover risks to the producer’s farm business. The maximum contribution is based on allowable net sales.
To ensure the annual government funding of $150 million is distributed evenly throughout the program year, government contributions may be made in instalments and may not equal 100 per cent of the producer’s deposit amount. This means that a producer who makes a deposit later in the program year will benefit the same as a producer who makes a deposit earlier. The first government contribution is made at the time of the producer’s deposit. More contributions may be added after the final deposit deadline, when total producer deposits are known.
SDRM: Edible Horticulture was designed by the Ontario Ministry of Agriculture, Food and Rural Affairs (OMAFRA) in consultation with representatives of the edible horticulture sector and the Ontario Federation of Agriculture, and is administered by Agricorp.