Participant packages are on their way and forms are now available online for eligible Ontario livestock producers to sign up for the province’s Risk Management Program (RMP).
Agricorp, the province’s farm program delivery agency, announced Monday that its forms are now available for all livestock RMP plans, with an application deadline of Oct. 14.
Ontario producers of cattle, hogs, sheep and/or veal who filed a T1163 with the Canada Revenue Agency, or who filed a Statement A with Agricorp for 2009, will automatically receive a participant package by mail, the agency said.
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Ontario’s RMPs are meant to help eligible producers manage risks “beyond their control,” such as fluctuating costs or market prices.
As in an insurance program, producers who successfully apply to an RMP would select their coverage levels and pay premiums, and then receive payments if the average market prices for enrolled livestock fall below the support level.
For 2011 only, premiums are waived and all participants are enrolled at the 100 per cent coverage level.
Producers are asked to visit the Ontario ag ministry’s RMP website or contact their commodity group representatives for a schedule of upcoming information sessions, Agricorp said Monday.
“Plan-specific” information is to be provided at such meetings by RMP specialists from Agricorp and the agriculture ministry.
