Tuesday, May 19th, 2009
Agricorp has released details of the Ontario Risk Management Program (RMP). Payment periods, pre and post harvest market prices for the 2007 & 2008 crop can be found here.
For the 2009 White Bean crop the pre harvest price was estimated at $43.33/cwt. ($955.25/Mt.) and the post harvest price $39.08/cwt. ($861.56/Mt.)
Four coverage levels are available for each grain and oilseed crop: 100, 95, 90, or 85 percent of the cost of production. Participant coverage levels will be rolled over based on the previous year’s coverage level for that crop.
Editor’s note: The deadline for making changes to a grower’s coverage level may have passed since on the site it states:
“A participant may change their coverage level for 2009 by calling Agricorp by May 1, 2009. Participants may choose different coverage levels for different crops. Coverage levels under RMP are not tied to PI coverage levels.”
The support level used to calculate RMP payments is equal to the cost of production multiplied by the chosen coverage level.
For the 2009 Crop coverage and support levels as well as premiums can be found on the website not only for white pea beans but coloured bean market classes as well as other Ontario crops.