Production Insurance
Soybeans
Home

Related programs

​AgriSta​​bility

Production Insurance and AgriStability are complementary programs that addre​​ss different risks faced by Ontario producers.

While Production Insurance protects Ontario producers from yield reductions and crop losses caused by factors beyond their control, AgriStability protects whole farms against large margin declines caused by any combination of production losses, adverse market conditions, or increased ​​costs.

When you participate​​ in both AgriStability and Production Insurance, you maximize the benefits of the government risk management programs available to you. For example:

  • Production Insurance claim payments count as income in calculating your AgriStability reference margin.
  • Depending on weather and/or market conditions, in a given year you could receive an AgriStability payment, a Production Insurance claim – or both.

AgriInv​​est

AgriInvest is a savings account with matching government contributions. You ca​​n withdraw the funds at any time for risk mitigation or investments. In Ontario, AgriInvest is delivered by Agriculture and Agri-Food Canada (AAFC).

​Your Production Insurance claims are included when AAFC calculates your allowable net sales (ANS), which is used to determine your maximum matchable deposit under AgriInvest. This protects your ANS in the years that you have a Production Insurance claim.

​​Risk Management Progr​am (RMP)

Production Insurance and​​ the Risk Management Program (RMP) work together to create an effective risk management program for Ontario producers. Each program addresses different risks:

  • RMP helps producers offset losses caused by low grain and oilseed prices.
  • Production Insurance protects producers from yield reductions and crop losses.

RMP helps producers manage risks beyond their control, like fluctuating costs and market prices. The program is available for the cattle, edible horticulture​​, grain and oilseed, hog, sheep and veal sectors.

Starting in 2012, participation in Production Insurance is an eligibility requirement for​​ RMP: Grains and Oilseeds.

Advance Payments Program

The Advance Payments Program, delivered by the Agricultural Credit Corporation (ACC), is a federal program that provides low-interest cash advances to farmers.

Advances up to $1 million are available, with the first $250,000 being interest free and the remainder (up to $750,000) at the prime interest rate. The loan can be paid off as the current crop is sold or within 18 months after the program start date of November or April (depending on the commodity).

Crop farmers must participate in AgriStability or Production Insurance or have the inventory on hand to qualify for the program.

For more information about the Advance Payments Program, visit the ACC website or call 1-888-278-8807 to apply.

Commodity Loan Guarantee Program

The Commodity Loan Guarantee Program, delivered by the Agricultural Credit Corporation (ACC), is a provincial program that provides farmers with access to operating loans for crop planting, cultivating and harvesting expenses.

Qualifying farmers can borrow up to $750,000 at the prime interest rate, and the loan is paid off as the current crop is sold, with the final repayment deadline being 16 months after the program start date of October.

Participation in Production Insurance is required to qualify for this program.

For more information about the Commodity Loan Guarantee Program, visit the ACC website or call 1-888-278-8807 to apply.
Canadian Agricultural Partnership – Agricorp – Ontario – Canada
© Agricorp