RMP protects against market fluctuations

Feb 23, 2015

Over the next month, producers who are enrolled in RMP for livestock or RMP: Grains and Oilseeds will receive their 2015 renewal packages. Ontario's Risk Management Program (RMP) helps producers manage risks beyond their control, like fluctuating costs and market prices.

Producers should review the coverage details on their Renewal Notice and notify Agricorp if they need to make any changes. They should also read the participant handbook and information sheet for program rates, dates and responsibilities.

Producers who are looking to enrol in RMP for 2015 can apply online at agricorp.com. The 2015 Application for RMP for livestock is available now, and the Application for RMP: Grains and Oilseeds will be available by late March. Applications are also available by contacting Agricorp.

New this year
Starting with the 2015 program year, participation in AgriStability is no longer an eligibility requirement for RMP. However, when making decisions about program coverage for the year ahead, producers should carefully think through all the risks their farm faces.

AgriStability protects producers from large declines in their farming income caused by production losses, adverse market conditions and increased costs. The following infographic explains the benefits of participating in AgriStability.

Source: Agricorp

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