RMP: Grains and Oilseeds helps Ontario producers offset losses caused by low commodity prices and rising production costs. Payments are made if a crop's market prices fall below the annual support level. The support level is based on the industry average cost of producing a crop (target price), which is calculated annually by the Ontario Ministry of Agriculture, Food and Rural Affairs (OMAFRA).
This plan was designed in consultation with representatives of the grain and oilseed sector and the Ontario Federation of Agriculture.
Last year, a 95 per cent coverage level was introduced as a cost-effective alternative to the existing 100 per cent coverage level.
RMP funding increased to $150 million
- For 2020, the deadline to apply, make changes or cancel coverage is extended from May 1 to July 30, 2020. Although the deadline has been extended, you should apply or change coverage as soon as you are ready to get your coverage in place, and so it is ready for when you need it.