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.
New in 2019
New coverage level
The provincial government announced a new 95 per cent coverage level starting in 2019. The new coverage level is a cost-effective alternative to the existing 100 per cent coverage level.
Customers need to select their 2019 coverage
Because of the new coverage level option, coverage is not automatically renewed this year. Customers will need to evaluate their options and contact Agricorp to select a coverage level that is best for their farms.
More time to make farm business decisions
For 2019, participation timelines have been adjusted to provide additional time for customers to make the best decisions for their farm businesses.
Adjusted timelines are available on the agricorp.com deadlines page.