Risk Management Program
Grains and oilseeds

Rates

2024

2024 Premium Rates
Commodity Unit Coverage level
80% 90% 95% 100%
Barley ($/lb) 0.0016 0.0028 0.0033 0.0038
Black beans ($/lb) - 0.0001 0.0002 0.0006
Canola ($/lb) 0.0009 0.0028 0.0038 0.0051
Corn including organic and seed corn ($/bu) 0.0023 0.0149 0.0267 0.0434
Cranberry beans ($/lb) - 0.0001 0.0002 0.0004
Hard red winter wheat and hard white winter wheat ($/bu) 0.0032 0.0158 0.0308 0.0487
Japan, adzuki and other beans ($/lb) - 0.0001 0.0002 0.0004
Kidney beans ($/lb) - 0.0001 0.0002 0.0004
Oats ($/lb) 0.0016 0.0028 0.0033 0.0038
Popping corn ($/lb) 0.0002 0.0006 0.0011 0.0017
Soft red winter wheat, pedigreed seed and organic winter wheat ($/bu) 0.0032 0.0158 0.0308 0.0487
Soft white winter wheat ($/bu) 0.0032 0.0158 0.0308 0.0487
Soybeans (including organic, tofu, natto and pedigreed seed) ($/bu) 0.0001 0.0164 0.0355 0.0706
Spring grain ($/lb) 0.0016 0.0028 0.0033 0.0038
Spring wheat (including pedigreed seed) ($/bu) 0.0042 0.0407 0.0664 0.0958
White beans ($/lb) - 0.0001 0.0002 0.0006

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 2022.

2024 Support Levels
Commodity Unit Coverage level
80% 90% 95% 100%
Barley ($/lb) 0.1362 0.1533 0.1618 0.1703
Black beans ($/lb) - 0.4775 0.5041 0.5306
Canola ($/lb) 0.3570 0.4016 0.4239 0.4462
Corn including organic and seed corn ($/bu) 5.45 6.13 6.47 6.81
Cranberry beans ($/lb) - 0.4775 0.5041 0.5306
Hard red winter wheat and hard white winter wheat ($/bu) 7.86 8.84 9.33 9.82
Japan, adzuki and other beans ($/lb) - 0.4775 0.5041 0.5306
Kidney beans ($/lb) - 0.4775 0.5041 0.5306
Oats ($/lb) 0.1362 0.1533 0.1618 0.1703
Popping corn ($/lb) 0.2433 0.2738 0.2888 0.3040
Soft red winter wheat, pedigreed seed and organic winter wheat ($/bu) 7.70 8.66 9.14 9.62
Soft white winter wheat ($/bu) 7.78 8.75 9.23 9.72
Soybeans (including organic, tofu, natto and pedigreed seed) ($/bu) 13.99 15.74 16.62 17.49
Spring grain ($/lb) 0.1362 0.1533 0.1618 0.1703
Spring wheat (including pedigreed seed) ($/bu) 8.30 9.34 9.86 10.38
White beans ($/lb) - 0.4775 0.5041 0.5306

2023

2023 Market prices
Commodity Unit Pre-harvest
Market Price
Post-harvest
Market Price
Barley ($/lb) 0.1310 0.1267
Black beans ($/lb) 0.5286 0.5274
Canola ($/lb) 0.3293 0.3143
Corn including organic and seed corn ($/bu) 6.40 5.39
Cranberry beans ($/lb) 0.5275 0.4924
Hard red winter wheat and hard white winter wheat ($/bu) 8.63 7.31
Japan, adzuki and other beans ($/lb) 0.5275 0.4924
Kidney beans ($/lb) 0.5275 0.4924
Oats ($/lb) 0.1469 0.1416
Popping corn ($/lb) 0.2858 0.2408
Soft red winter wheat, pedigreed seed and organic winter wheat ($/bu) 8.79 6.85
Soft white winter wheat ($/bu) 9.43 7.68
Soybeans (including organic, tofu, natto and pedigreed seed) ($/bu) 16.49 15.91
Spring grain ($/lb) 0.1350 0.1304
Spring wheat (including pedigreed seed) ($/bu) 9.85 8.81
White beans ($/lb) 0.5275 0.4924
2023 Premium Rates
Commodity Unit Coverage level
80% 90% 95% 100%
Barley ($/lb) 0.0016 0.0027 0.0032 0.0037
Black beans ($/lb) 0.0001 0.0002 0.0006
Canola ($/lb) 0.0009 0.0027 0.0037 0.0049
Corn including organic and seed corn ($/bu) 0.0022 0.0142 0.0255 0.0414
Cranberry beans ($/lb) - 0.0001 0.0002 0.0004
Hard red winter wheat and hard white winter wheat ($/bu) 0.0031 0.0151 0.0294 0.0464
Japan, adzuki and other beans ($/lb) - 0.0001 0.0002 0.0004
Kidney beans ($/lb) - 0.0001 0.0002 0.0004
Oats ($/lb) 0.0016 0.0027 0.0032 0.0037
Popping corn ($/lb) 0.0002 0.0006 0.0011 0.0017
Soft red winter wheat, pedigreed seed and organic winter wheat ($/bu) 0.0031 0.0151 0.0294 0.0464
Soft white winter wheat ($/bu) 0.0031 0.0151 0.0294 0.0464
Soybeans (including organic, tofu, natto and pedigreed seed) ($/bu) 0.0001 0.0157 0.0339 0.0673
Spring grain ($/lb) 0.0016 0.0027 0.0032 0.0037
Spring wheat (including pedigreed seed) ($/bu) 0.004 0.0388 0.0633 0.0913
White beans ($/lb) - 0.0001 0.0002 0.0006
2023 Support Levels
Commodity Unit Coverage level
80% 90% 95% 100%
Barley ($/lb) 0.1338 0.1506 0.1589 0.1673
Black beans ($/lb) - 0.4935 0.5209 0.5483
Canola ($/lb) 0.3552 0.3996 0.4218 0.4440
Corn including organic and seed corn ($/bu) 5.62 6.32 6.67 7.02
Cranberry beans ($/lb) - 0.4935 0.5209 0.5483
Hard red winter wheat and hard white winter wheat ($/bu) 8.16 9.18 9.69 10.20
Japan, adzuki and other beans ($/lb) - 0.4935 0.5209 0.5483
Kidney beans ($/lb) - 0.4935 0.5209 0.5483
Oats ($/lb) 0.1338 0.1506 0.1589 0.1673
Popping corn ($/lb) 0.2510 0.2823 0.2978 0.3135
Soft red winter wheat, pedigreed seed and organic winter wheat ($/bu) 8.00 9.00 9.50 10.00
Soft white winter wheat ($/bu) 8.08 9.09 9.60 10.10
Soybeans (including organic, tofu, natto and pedigreed seed) ($/bu) 14.38 16.18 17.08 17.98
Spring grain ($/lb) 0.1338 0.1506 0.1589 0.1673
Spring wheat (including pedigreed seed) ($/bu) 8.56 9.63 10.17 10.70
White beans ($/lb) - 0.4935 0.5209 0.5483

​​​​​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.

Commodity 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 an average price from the country elevators. 
Hard white winter wheatJanuary – JuneJuly – DecemberDaily delivery prices are used to determine an average price from the country elevators. 
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 an average price from the country elevators. 
Soft red winter wheat and pedigreed seed
January – JuneJuly – DecemberDaily delivery prices are used to determine an average price from the country elevators.
Soft white winter wheatJanuary – JuneJuly – DecemberDaily delivery prices are used to determine an average price from the country elevators.​
Soybeans (including pedigreed seed)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 wheat (including pedigreed seed)January – JuneJuly – DecemberDaily averages 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. The market price for cranberry, kidney and Japan/adzuki and other beans are based on the value for white beans.



Ontario - Agricorp