Risk Management Program

Ontario's Risk Management Program (RMP) helps producers manage risks beyond their control, like fluctuating costs and market prices. RMP works like insurance to help Ontario producers offset losses caused by low commodity prices and rising production costs. An overview of the Risk Management Insurance Program for cattle can be found on the Agricorp website by clicking here.

If you have further questions about the program, please contact Agricorp at 1.888.247.4999 or the Beef Farmers of Ontario (BFO) office at 1.866.370.2333.

Background

Announced in the 2011 budget as a permanent program, Ontario's Risk Management Insurance Program (RMP) helps farmers manage risks beyond their control, like fluctuating costs and market prices. The program is available for the cattle, edible horticulture, grains and oilseed, hog, sheep and veal sectors. RMP complements AgriStability and Production Insurance. AgriStability was designed to stabilize whole farm income and production insurance was created to mitigate production loss. RMP is comprised of three major components: an RMP program for Livestock; RMP for Grains and Oilseeds, and a Self Directed Risk Management Program (SDRM) for the edible horticulture sector. All three program components were created after extensive consultation with the sectors involved.

In 2012, after nearly a year of positive dialogue between the commodity organizations participating in the provincial Risk Management Insurance Program and Self Directed Risk Management Program, the Ontario Agriculture Sustainability Coalition (OASC) was pleased to announce the continuation of both programs in 2013 with some modifications to ensure that the programs adhere to the $100 million spending limit outlined in the 2012 provincial budget.

This permanent risk management insurance program provides our farmers the tools they need to sustain their operations so they can continue to provide high quality, locally grown food to Ontario consumers.


RAISE THE CAP for Risk Management Program (RMP)

Farmers in eastern Ontario gathered in support of Ontario's 50,000 non-supply managed farms and their one message

June 6, 2014 (Guelph, Ontario) – Members of the Ontario Agriculture Sustainability Coalition (OASC) held their second Raise the Cap for RMP event last night in eastern Ontario at Hoards Station Sale Barn in Campbellford. Farmers and their families, who represented several counties, were in attendance to call on candidates in the upcoming provincial election to pledge their support for raising the Risk Management Program cap from $100M to $175M. 

OASC launched their Raise the Cap for RMP campaign on May 22 on a sheep and grain farm in Perth County with local farmers and provincial candidates. For the candidates running in the 2014 Ontario election, OASC has one message: raise the Risk Management Program cap to $175 million dollars annually to provide adequate funding for the program.

“The attendance at last night's event emphasizes farmers' strong support for Ontario's Risk Management Program and that the program has made a significant difference in many farm operations since it was introduced in 2007,” shares Henry Van Ankum, Chairman of OASC. “Thriving farms create a thriving rural and urban economy. Ontario farmers must have access to stable, predictable business risk management programs to allow them to make investments in their family businesses and strengthen rural communities,” adds Henry.

Market prices, drastic weather and input prices, all out of the control of farm businesses, creates volatilities for the non-supply managed sector. A healthy RMP is essential for farmers who want to invest in their operations - either through expansion or innovation - and an important tool that farmers can depend on in times of need.

"With the election only days away, we want to thank the candidates who have already pledged their support for raising the RMP cap for Ontario's 50,000 non-supply managed farms," says Van Ankum.  "Strong rural communities strengthen Ontario. All of Ontario wins when you invest in our farmers."

The RMP program currently has a cap of $100 million dollars.  However, the cap impairs the program from providing price stability for farm businesses.  The cap puts investments that generate jobs and growth for the non-supply managed sector at risk.   

The Ontario Agriculture Sustainability Coalition is comprised of Ontario's leading non-supply managed commodity organizations, including Beef Farmers of Ontario, Grain Farmers of Ontario, Ontario Pork, Ontario Sheep Marketing Agency and Ontario Veal.

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For Photos and More Information:
OASC - Debra Conlon  (226) 821-4199
Beef Farmers of Ontario - LeaAnne Wuermli  (519) 824-0334 
Grain Farmers of Ontario - Debra Conlon  (226) 821-4199
Ontario Pork - Mary Jane Quinn  (519) 767-4600
Ontario Sheep Marketing Agency -  Jennifer MacTavish  (519) 836-0043
Ontario Veal Association - Erin MacDuff  (519) 824-2942 

To download a copy of the news release, click here.

 

RAISE THE CAP for Risk Management Program (RMP)

OASC one-voice-one-message – we speak for over 50,000 farms

May 22 2014 (Staffa, Ontario) – Members of the Ontario Agriculture Sustainability Coalition (OASC) are calling on candidates in the upcoming provincial election to pledge their support for “Raise the Cap for RMP”.

OASC has one voice and one message - we speak for more than 50,000 farms. For the candidates running in the 2014 Ontario election, OASC has one message: Raise the Risk Management Program cap to $175 million annually to provide adequate funding for the program.

Business risk management tools are essential for farmers who want to invest in their operations. The RMP program currently has a cap of $100 million dollars. However, the cap impairs the program from providing price stability for farm businesses. The cap puts at risk investments that generate jobs and growth for the non-supply managed sector.

Volatility in the market and international competition is on the rise. These risk management tools become increasingly important in this new economy. Adequate funding is required for the Ontario Risk Management Program for it to effectively produce the intended results.

“A commitment by the Ontario government to raise the cap by $25 million per year for the next three years will restore the RMP program,” said Henry Van Ankum, Chairman of OASC. “When farms have stable, predictable risk management programs, farmers in the non supply managed sector will have the confidence to make investments that will increase local food production and will retain and grow Ontario jobs,” added Henry.

The cap of $100 million was imposed on the RMP program in 2012, leaving many farms with a major shortfall in risk management coverage.

The Ontario Agriculture Sustainability Coalition is comprised of Ontario's leading non-supply managed commodity organizations, including Beef Farmers of Ontario, Grain Farmers of Ontario, Ontario Pork, Ontario Sheep Marketing Agency and Ontario Veal.

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For Photos and More Information:
OASC - Debra Conlon  (226) 821-4199
Beef Farmers of Ontario - LeaAnne Wuermli  (519) 824-0334 
Grain Farmers of Ontario - Debra Conlon  (226) 821-4199
Ontario Pork - Mary Jane Quinn  (519) 767-4600
Ontario Sheep Marketing Agency -  Jennifer MacTavish  (519) 836-0043
Ontario Veal Association - Erin MacDuff  (519) 824-2942 

To download a copy of the news release, click here.

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