GrantInsuranceOntarioWorking Capital

Risk Management Program Grains and oilseeds

RMP: Grains and Oilseeds helps Ontario producers offset losses caused by low commodity prices and rising production costs. Payments are made if a crop's market prices fall below the annual support level. The support level is based on the industry average cost of producing a crop (target price), which is calculated annually by the Ministry of Agriculture, Food and Agribusiness.

Offered by Ontario Agricorp

Amount

No fixed amount

Quick eligibility check

Years in business
No minimum stated
Employees
No limit stated
Revenue
No limit stated
Legal structure
No requirement stated
Location
Ontario

Who can apply

To be eligible for RMP: Grains and Oilseeds, you must:

Grow at least one eligible grain or oilseed crop

Enrol your entire acreage of each eligible grain and oilseed crop grown for the crop year

Pay the premium(s)

Participate in Production Insurance and meet all Production Insurance requirements and deadlines

Participate in premises identification

Have a farm business registration number (or an exemption)

Eligible crops

Ontario-grown grain and oilseed crops, including farm-fed grains and crops grown for seed, are eligible for RMP: Grains and Oilseeds. Crops grown for plow-down are not eligible.

Eligible crops are classified as major or minor depending on the availability of target price and market price data. Typically, major crops are those most commonly grown in Ontario, so significant data is available. Because minor crops are not as commonly grown, less data is available. Major and minor crops are treated differently with respect to premiums, support prices and payments.

The following crops are eligible for RMP: Grains and Oilseeds:

Major crops

Barley

Black beans

Canola

Corn (grain corn and farm-fed)

Hard red winter wheat

Oats

Soft red winter wheat

Soft white winter wheat

Soybeans (including organic, tofu, natto and pedigreed seed)

Spring grain (oats, barley and mixed grain)

Spring wheat (including pedigreed seed)

White beans

Minor crops

Buckwheat

Cranberry beans

Faba beans

Field peas

Flax

Hard white winter wheat

Japan, adzuki and other beans

Kidney beans

Millet

Mustard

Rye

Organic winter spelt

Organic winter wheat

Organic corn

Seed and popping corn

Sorghum

Spelt

Sunflowers

Triticale

About the funding

RMP: Grains and Oilseeds helps Ontario producers offset losses caused by low commodity prices and rising production costs. Payments are made if a crop's market prices fall below the annual support level. The support level is based on the industry average cost of producing a crop (target price), which is calculated annually by the Ministry of Agriculture, Food and Agribusiness.

Most minor crops are treated using a proxy approach — payments and your average farm yield (AFY) are assessed as if you had planted the major crop that covers the largest area in your county, according to Agricorp's database. Seed corn, organic corn, popping corn, cranberry, kidney, and Japan/adzuki and other beans,

hard white winter wheat and organic wheat are exceptions to this approach.

Seed corn and organic corn

Show all funding details

Premiums, support levels and any payments for seed corn and organic corn use the values for grain corn.

Popping corn

Premiums for popping corn use the value for grain corn. Support levels and any payments use 2.5 times the values for grain corn.

Hard white winter wheat

Premiums, support levels and any payments for hard white winter wheat use the values for hard red winter wheat.

Organic winter wheat and pedigreed seed winter wheat

Premiums, support levels and any payments for organic winter wheat and pedigreed seed winter wheat use the values for soft red winter wheat.

Pedigreed seed soybeans

Premiums, support levels and any payments for pedigreed seed soybeans use the values for soybeans.

Pedigreed seed spring wheat

Premiums, support levels and any payments for pedigreed seed spring wheat use the values for spring wheat

Cranberry, Kidney and Japan/Adzuki and Other beans

Cranberry, kidney and Japan/adzuki and other beans are equal to the levels set for white beans.

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