Increasing Support for Farmers in York-Simcoe
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 York-Simcoe and Ontario.
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.
Learn More: https://news.ontario.ca/en/release/1005662/ontario-increasing-support-for-farmers