Risk Management Provides Stability For Huron Bruce Farmers
Premier McGuinty Calls On Federal Government To Come To The Table
Family farms in Huron Bruce and throughout the province can now count on stable financial support to weather unpredictable times -- so they can continue producing good food for Ontario families.
The Province is moving forward on its Budget plan to strengthen and expand risk management for Ontario farmers. To help provide bankability, stability and predictability, the government is:
- Making the Risk Management pilot program permanent for grain and oilseed farmers
- Creating new Risk Management Programs for cattle, hog, sheep and veal farmers, and
- Working with the edible horticulture sector to create a Self-Directed Risk Management Program.
The cost of these programs will be shared between the Province and farmers. Ontario is strongly urging the federal government to play a role in these important programs.
- Since 2003-04, farm income stabilization programs totalling more than $1.9 billion have helped farmers deal with bad weather, volatile prices and rising costs.
- Investments of $153 million for 373 Rural Economic Development projects have generated over $1.1 billion in new economic activity.
“This is the biggest policy change benefiting farmers in 30 years. And it's significant because risk management provides the stability to ensure that we can build a strong Ontario economy -- with exciting new jobs for a new generation of farmers and workers.”
Ontario Premier Dalton McGuinty
“Risk Management programs give our farm families the predictability, bankability, and stability they need to stay on the land and continue to provide us with the good things that grow in Ontario.”