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Farmers Support Expanded Risk Management Program

Backgrounder

Farmers Support Expanded Risk Management Program

Office of the Premier

The Ontario government is expanding the Risk Management Program by $50 million for a total of $150 million annually beginning in 2020. This funding will support farmers with unforeseen challenges such as fluctuating market prices, extreme weather events like flooding or drought, and disease.

Approximately 80 per cent of eligible commercial production in the cattle, hog, sheep, veal, grains and oilseeds and edible horticulture sectors in Ontario is covered by the provincial Risk Management Program.

AGRICULTURE SECTOR QUOTES

Ontario Federation of Agriculture (OFA)

"Ontario farmers have been very appreciative of the government's support through the COVID-19 pandemic. Implementing the $50 million increase in the cap to RMP/SDRM this year rather than next year will have a meaningful positive impact to Ontario farmers experiencing financial hardship. Getting these extra funds to farmers this year will put the agricultural industry in a better position to help lead the economic recovery in Ontario."

―Keith Currie, President

Ontario Pork

"On behalf of pork producers, members of Ontario Pork, I would like to thank Minister Hardeman for the leadership he has shown in fighting to deliver on the government's promise to increase RMP funding by $50 million dollars. Bringing the funding into 2020 to respond to the crisis brought about by COVID-19 demonstrates a recognition of the problem and the importance of agriculture to our province and the economy."

―Eric Schwindt, Chair

Beef Farmers of Ontario

"BFO applauds Premier Ford and Minister Hardeman for today's announcement to provide a much-needed increase to the provincial investment in the Ontario Risk Management Program (RMP). RMP was designed and developed with direct input from Ontario farmers in partnership with the provincial government. The program was also implemented as a measure to help fill critical gaps left by the federal suite of business risk management programs. BFO looks forward to continued discussions with the province to further strengthen this important program to ensure stability and security for our sector."

―Rob Lipsett, President

Ontario Sheep

"Without a doubt, this support will be a meaningful investment into the Ontario sheep industry, and it could not come at a better time. In addition to our industry having to navigate COVID-19 and the associated rise in operating costs, there is also looming concern about depressed market prices in the second half of this year and rising feed costs should current drought conditions persist."

―Marc Carere, Chair

Veal Farmers of Ontario

"Bringing forward these funds ahead one year and into 2020 is perhaps one of the most important investments to be made to the Ontario livestock industry and specifically the veal sector. With the economic uncertainty of the markets looking forward, rising costs of production and navigating the supply chain disruptions caused by COVID-19, veal farmers depend on the RMP program as part of their business risk management strategy."

―Pascal Bouilly, Chair

Grain Farmers of Ontario

"We want to thank Premier Ford and Minister Hardeman for delivering on the election promise to raise the Ontario Risk Management Program (RMP) by $50 million for the 2020 program year bringing the government's contribution to the fund to $150 million annually. The RMP program is an important program that Ontario grain farmers rely on to help them manage risks outside of their control."

―Markus Haerle, Chair

Christian Farmers Federation of Ontario (CFFO)

"We at CFFO are encouraged by the government's additional support of $50 million dollars for the provincial Risk Management Program. This also keeps in line with their election promise."

―Ed Scharringa, President

Ontario Fruit and Vegetable Growers' Association (OFVGA)

"We recognize that this government's platform commitment was for the third year of the government's mandate but given how dramatically our world has changed under COVID-19 and how much greater the risks are that farmers face as a result, we are strongly supportive and appreciative of accelerating implementation. We believe that this action will be significant and meaningful in addressing the additional risks, increased costs and market instability growers have been facing during the 2020 growing season. We would like to take this opportunity to thank Minister Hardeman and Premier Ford for their leadership at the national level to advocate for meaningful improvements to the AgriStability program."

―Bill George Jr., Chair

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