With a new option this year for coverage under Ontario’s Risk Management Program (RMP), producers won’t be able to let previous decisions ride.
Agricorp, the province’s farm program delivery agency, on Thursday released full 2019 program details for the RMPs for grains/oilseeds, cattle, hogs, veal and sheep, including premium rates and updated program timelines.
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As the province announced last month, the RMP this year will include a 95 per cent coverage level, billed as a “cost-effective alternative to the existing 100 per cent coverage level.”
But because of the new option, “coverage is not automatically renewed this year,” Agricorp warned Thursday — meaning, unlike in previous RMP years, a farmer who leaves his or her coverage decisions unchanged won’t see those changes rolled over to the current program year.
“Customers will need to evaluate their options and contact Agricorp to select a coverage level that is best for their farms.”
Grains/Oilseeds RMP customers will be able to select their coverage level when they report their planted acres for production insurance, “all in one phone call,” Agricorp added.
Renewal packages are to be mailed out this month, Agricorp said Thursday.
“Participation timelines have been adjusted to provide additional time for customers to make the best decisions for their farm businesses.” — Glacier FarmMedia Network
