The Risk Management Program complements AgriStability and Production Insurance. AgriStability was designed to stabilize whole farm income, and Production Insurance was created to mitigate production loss.
The Risk Management Program (RMP) and
AgriStability work together to create an effective risk management program for Ontario grain and oilseed producers.
Each program addresses different risks.
- RMP helps producers offset losses caused by low market prices
- AgriStability protects you from large declines in your farming income caused by production loss, increased costs or market conditions
By participating in both programs, you take full advantage of the protection available from government risk management programs. You could receive an AgriStability benefit and an RMP payment in a given year.
RMP and AgriStability: how they work together
Production Insurance protects specifically against yield reductions caused by adverse weather or other insured perils. Participation in Production Insurance is a requirement for RMP.