Farmers are faced with risk in almost every part of their business from the weather to market fluctuations. That is why business risk management programs are critical to the profitability and success.
Business risk management programs are historically shared between provincial and federal governments. Funding is traditionally shared 60:40, with 60 per cent coming from the federal government. That approach allows agricultural programs to be delivered and targeted to regional needs. While all farmers face similar challenges, provincial business risk management programs accommodate regional issues and circumstances.
The Ontario Federation of Agriculture is lobbying the provincial government to work with it to help secure federal participation. The Ontario government has agreed to provide its funding for risk management. Now is the time for the federal government to step up.
The program promises to be an effective tool for Ontario farmers to reduce farm market price volatility and stabilize on-farm income. And we need federal support to be able to deliver a stronger, more sustainable program.
The Ontario Federation of Agriculture has been a strong advocate for programs designed specifically for Ontario’s agricultural sector. The OFA worked with Ontario’s industry to design the risk management program.
Keith Currie is an Executive Member, OFA
