Overview

Ontario's Risk Management Program (RMP) helps producers manage risks beyond their control, like fluctuating costs and market prices. RMP for livestock was designed in consultation with representatives of the cattle, hog, sheep and veal industry in Ontario. RMP for livestock works like insurance to help Ontario producers offset losses caused by fluctuating commodity prices and production costs. Participants pay premiums based on their insured production and their chosen coverage level.

Reminder

Last year, a 95 per cent coverage level was introduced as a cost-effective alternative to the existing 100 per cent coverage level.

New in 2020

RMP funding increased to $150 million

The Ontario government has announced an increase in available funding for the Risk Management Program (RMP), from $100 million to $150 million, starting with the 2020 program year. RMP helps farmers manage risks beyond their control, like fluctuating costs and market prices.
Read more in RMP funding increased to $150 million.

Deadline extension

For 2020, the deadline to apply, make changes or cancel coverage is extended from April 1 to July 30, 2020. Although the deadline has been extended, you should apply or change coverage as soon as you are ready to get your coverage in place and so it is ready for when you need it.

Funding partners

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.

Deadlines

April 2021

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