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.
Program updates
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.
Premiums held at 2020 levels
To support farmers, the Government of Ontario is keeping 2021 premium rates consistent with 2020 premiums this year.
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.
Program updates
Increased coverage for lambs kept for breeding purposes
Starting in 2021, sheep producers can request payment for any lambs they plan to keep for breeding purposes up to 85 lbs. This update offers more coverage and greater flexibility. For full eligibility details and to report your breeding stock, please see the
Payment without Sale – RMP: Sheep form, which is in your
Sales Report.
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.
Premiums held at 2020 levels
To support farmers, the Government of Ontario is keeping 2021 premium rates consistent with 2020 premiums this year.
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.
