Ontario Increasing Support for Farmers

·        Ontario is a national leader in providing risk management support to farmers, and this $100 million boost to RMP will further strengthen the resilience and competitiveness of farmers across the province.

·        This investment builds on the $50 million annual increase to RMP in 2020 to $150 million, and past reforms which allowed unused program funds to be rolled over to future year claims, allowing the program to be most responsive in times of greatest need.

 

·        It also builds on 2023 changes to compensation rates for AgriStability, which were increased from 70% to 80%, a change that Ontario led the fight on at the federal level to better serve farms facing significant margin declines from production losses. 

·        Since 2018, our government has helped our agri-food sector generate almost 30,000 new jobs, nearly $3 billion in added GDP, and a 65% increase in exports to $26.2 billion.

 

·        Our government will continue to create the right conditions for growth for Ontario farmers and our $51 billion agri-food sector, no matter what headwinds may come our way.