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Ontario Risk Management Program for Grain and Oilseed Producers

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Publication date
28/02/2008
Number of Pages
21
Language:
English
Type of Publication:
Guidelines & Learning resources
Focus Region:
North America
Focus Topic:
Agricultural Value Chains / Agri-Businesses
Type of Risk:
Biological & environmental
Type of Risk Managment Option:
Risk reduction/mitigation
Commodity:
Crops
Author
Agricorp, Ontario Ministry of Agriculture, Food and Rural Affairs (OMAFRA)
Organization
Agricorp, Ontario Ministry of Agriculture, Food and Rural Affairs (OMAFRA)

This handbook provides an overview of the Risk Management Programfor Grain and Oilseed Producers (RMP) in Ontario, Canada administered by Agricorp, which is a three-year price support program designed to help Ontario grain and oilseed producers offset losses caused by low commodity prices. Funded partly by producers through premiums, payments are triggered when prices for grains and oilseeds fall below a specific support price, which is based on a cost of production formula.