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.
Premiums being kept at 2020 and 2021 levels
RMP: Grains and Oilseeds 2022 premium rates are being kept the same as in 2020 and 2021, helping in a time of uncertainty.
RMP is provincially funded only, meaning the Ontario government funds its traditional 40 per cent share. Producers pay part of the premium cost and none of the administration cost. Administrative costs are fully funded by the provincial government. The 40 per cent funding is reflected in the payment calculation and premium rates.