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.

You can also learn more by checking out this webinar, conducted in partnership with BFO and Agricorp, by clicking here. This webinar shares information about the program as well as how you can implement on your operation.

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.

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.

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