Risk Management Program
Grains and oilseeds

Rates

​​​​​​​2019

2019 Market prices
CommodityUnitPre-harvest Market Price
Barley($/lb)0.1031
Black beans($/lb)0.3588
Canola($/lb)0.2119
Corn including organic and seed corn($/bu)5.15
Cranberry beans($/lb)0.4972
Hard red winter wheat and hard white winter wheat($/bu)6.60
Japan, adzuki and other beans($/lb)0.5256
Kidney beans($/lb)0.5205
Oats($/lb)0.1092
Popping corn($/lb)0.2300
Soft red winter wheat and organic winter wheat($/bu)6.24
Soft white winter wheat($/bu)6.40
Soybeans (includes organic, tofu and natto varieties)($/bu)10.96
Spring grain($/lb)0.1046
Spring wheat($/bu)6.58
White beans($/lb)0.3748
2019 Premium rates
CommodityCoverage level
80%90%​95%100%​
Barley0.00170.0028​0.00290.0038
Black beans0.00010.00020.0004​0.0008
Canola0.00050.00210.0031​0.0043
Corn including organic and seed corn0.00240.01700.0323​0.0505
Cranberry beans-0.00010.0002​0.0004
Hard red winter wheat and hard white winter wheat0.00380.01350.0223​0.0399
Japan, adzuki and other beans-0.00010.0002​0.0004
Kidney beans-0.0001​0.0002​0.0004
Oats0.00170.00280.0029​0.0038
Popping corn0.00020.00070.0014​0.0023
Soft red winter wheat  and organic winter wheat0.00380.01350.0223​0.0399
Soft white winter wheat0.00380.01350.0223​0.0399
Soybeans (includes organic, tofu and natto varieties)0.00010.00200.0171​0.0483
Spring grain0.00170.00280.0029​0.0038
Spring wheat0.00400.03590.0594​0.0865
White beans0.00010.00020.0004​0.0008​

When premium rates work out to the same price for different coverage levels, we offer only the higher coverage levels so you get the best coverage for the same price. If the coverage level you had last year is not offered this year, you will be renewed at the next level. See the table for available coverage levels and rates for 2019.

2019 Support levels
CommodityCoverage level​
80%90%​95%100%
Barley0.09560. 10760.1135​0.1195
Black beans0.30960.34830.3677​0.3870
Canola0. 25260.28420.3000​0.3158
Corn including organic and seed corn4.254.785.04​5.31
Cranberry beans-0.41910.4424​0.4657
Hard red winter wheat and hard white winter wheat5.806.536.89​7.25
Japan, adzuki and other beans-0.41910.4424​0.4657
Kidney beans-0.41910.4424​0.4657
Oats0.09560.1076​0.11350.1195
Popping corn0.18980.21350.2250​0.2370
Soft red winter wheat and organic winter wheat5.646.356.70​7.05
Soft white winter wheat5.726.446.79​7.15
Soybeans (includes organic, tofu and natto varieties)10.5011.8212.47​13.13
Spring grain0.09560.10760.1135​0.1195
Spring wheat6.437.247.64​8.04
White beans0.3096​0.34830.3677​0.3870

​​​​​​​​20​​18​

​2018 Market prices​​
CommodityUnitPre‑harvest Market PricePost‑harvest Market Price
Barley$/lb.0.08820.0948
Black beans$/lb.0.36390.3681
Canola$/lb.0.22970.2223
Corn (including organic and seed corn)$/bu.4.74.60
Cranberry beans$/lb.0.50330.5168
Hard red winter wheat and hard white winter wheat$/bu.5.96.42
Japan, adzuki and other beans$/lb.0.54920.4967
Kidney beans $/lb.0.520.5250
Oats$/lb.0.09530.0999
Popping corn $/lb.0.20980.2054
Soft red winter wheat and organic winter wheat$/bu.5.856.22
Soft white winter wheat $/bu.6.066.31
Soybeans (includes organic, tofu and natto varieties)$/bu.11.8811.22
Spring grain $/lb.0.090.0960
Spring wheat$/bu.6.476.41
White beans$/lb.0.36280.3806

​​​​​Payment periods and p​​​​​rice sour​ces

For eac​​h eligible grain and oilseed crop, two payments are calculated for each crop year:

  • ​ The pre-harvest payment is based on the average of future delivery prices or forward contract ​​​prices for six months prior to harvest.

  • The post-harvest payment is based on the average of cash or spot prices for six months during and after​ harvest.

Crop Pre-harvest pricing period Post-harvest pricing period Source of forward contract and harvest spot prices ​
Barley 
​February– July ​August– January ​Average of monthly prices for delivery at a cross-section of Ontario elevators available from the Ontario Agri-Business Association
Black beansMarch – AugustSeptember – FebruaryAverage of monthly prices for delivery at a cross-section of Ontario elevators
CanolaJanuary – JuneJuly – DecemberAverage of monthly prices for delivery at a cross-section of Ontario elevators
CornApril – SeptemberOctober – MarchDaily averages for Chatham delivery
Cranberry beansMarch – AugustSeptember – FebruaryAverage of monthly prices for delivery at a cross-section of Ontario elevators
Hard red winter wheatJanuary – JuneJuly – DecemberDaily delivery prices are used to determine a weighted average price from the following locations: Grain Farmers of Ontario Terminal (25% weight) and country elevators (75% weight). 
Hard white winter wheatJanuary – JuneJuly – DecemberDaily delivery prices are used to determine a weighted average price from the following locations: Grain Farmers of Ontario Terminal (25% weight) and country elevators (75% weight). 
Japan, adzuki ​and other ​beans​March – AugustSeptember – FebruaryAverage of monthly prices for delivery at a cross-section of Ontario elevators
Kidney beansMarch – AugustSeptember – FebruaryAverage of monthly prices for delivery at a cross-section of Ontario elevators
​Oats​February  – July​​August– January ​Average of monthly prices for delivery at a cross-section of Ontario elevators available from the Ontario Agri-Business Association​
Organic cornApril – SeptemberOctober – MarchDaily averages for Chatham delivery.
Organic winter wheatJanuary – JuneJuly – DecemberDaily delivery prices are used to determine a weighted average price from the following locations: Grain Farmers of Ontario Terminal (25% weight) and country elevators (75% weight). 
Soft red winter wheatJanuary – JuneJuly – DecemberDaily delivery prices are used to determine a weighted average price from the following locations: Grain Farmers of Ontario Terminal (25% weight) and country elevators (75% weight).
Soft white winter wheatJanuary – JuneJuly – DecemberDaily delivery prices are used to determine a weighted average price from the following locations: Grain Farmers of Ontario Terminal (25% weight)​ and country elevators (75% weight).​
Soybeans (incl. organic, tofu and natto varieties)April – SeptemberOctober –​​ MarchDaily averages for Chatham delivery
Spring grainFebruary – JulyAugust – JanuaryAverage of monthly prices for delivery at a cross-section of Ontario elevators of barley (75% weight) and oats (25% weight)
Spring wheatJanuary – JuneJuly – DecemberDaily averages for Grain Farmers of Ontario Terminal delivery of red spring wheat
White beansMarch – AugustSeptember – FebruaryAverage of monthly prices for delivery at a cross-section of Ontario elevators

Note: There may be days when t​​he price source doesn’t offer bids or forward contracts. These days will be omitted from the actual market prices.

​​The market price for organic winter wheat is based on the value for soft red winter wheat. The market price for hard white winter wheat is based on the value for hard red winter wheat.  The market price for organic corn is based on the value for grain corn. For popping corn the market price is two and a half times the price of grain corn.


Ontario - Agricorp