The Ontario Ministry of Agriculture, Food and Agribusiness has announced it is phasing-in a $100 million increase to the Risk Management Program (RMP) for beef, pork, sheep, veal and grain farmers and the Self-Directed Risk Management Program (SDRM) for fruit and vegetable growers.
SDRM helps provide financial protection for farmers against unprecedented challenges beyond their control, including inflation, supply chain disruptions, market downturns and climate risks.
The $100 million increase will be phased in over a three-year period, starting with a $30 million increase for the 2025 program year, leading to an annual total of $250 million by the 2027 program year. The program is administered by Agricorp. Producer premiums will remain at 35 per cent of government funding.
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