Risk Management Program
Hogs

Rates

​​​​​​​​2020 Hog premium ​​rates

Hog category Unit Coverage level
80%90%​95%100%
Early wean$/head0.020.09​0.130.19
Feeder$/head0.080.170.23​0.33
Grower/finisher$/kg of gain0.00170.0054​0.00860.0128

The minimum annual premium per hog category is $25.

Early wean =
premium rate x number of head

Feeder (includes breeding hogs and barbecue pigs) premium =
premium rate x number of head enrolled

Grower/finisher premium =
premium rate x total eligible weight gain

Payment ra​tes

Payment rates are based on the difference between the support level and the average market price for the payment calculation period.

Support levels and market pr​​ices

The support level is based on the industry average cost of production multiplied by your chosen coverage level. The cost of production is calculated by OMAFRA, based on the sum of livestock purchase costs, feed costs and yardage.

Market prices for each livestock category are collected and calculated by OMAFRA.

Both the support levels and the market prices are calculated every week and will vary from week to week.

For more details, please see the RMP for livestock Participant Handbook.

​​


Ontario - Agricorp