GUELPH, ON (June 29, 2011) – Grain Farmers of Ontario is pleased with the details that were finalized earlier this month regarding the permanent Risk Management Program and announced for Ontario’s 28,000 grain farmers by Minister Carol Mitchell today.
The program was designed by farmers for farmers to insure their businesses against risk factors out of their control like commodity price volatility, currency fluctuations and unexpected input cost increases.
“We have been looking forward to the day our program was made permanent since our pilot Risk Management Program began in 2007,” says Don Kenny, Chair of Grain Farmers of Ontario. “We are thankful to our Minister of Agriculture, Carol Mitchell for her hard work and dedication to Ontario’s farmers.”
Program applications for grain farmers will be available in August and the program will continue to be delivered through Agricorp. All grain farmers are eligible for the Risk Management Program and premiums have been waived for the 2011 crop year.
Grain Farmers of Ontario would like to thank Premier McGuinty and our Ontario MPPs who recognize the value of a strong agricultural sector in this province.
“We appreciate and look forward to having this permanent Risk Management Program for Ontario’s farmers,” says Kenny.
Grain Farmers of Ontario
Grain Farmers of Ontario is the province’s largest commodity organization, representing Ontario’s 28,000 corn, soybean and wheat farmers. The crops they grow cover 6 million acres of farm land across the province, generate over $2.5 billion in farm gate receipts, result in over $9 billion in economic output and are responsible for over 40,000 jobs in the province.