As the 2014 Risk Management Program (RMP) wraps up, grain and oilseed customers are receiving post-harvest payments including any final adjustments to the interim pre-harvest payment rate.
Customers enrolled for direct deposit will receive their payments directly into their bank account. To enrol for direct deposit, go to www.agricorp/maketheswitch.
RMP payments are made if a crop’s market price falls below the annual support level. Customers are receiving payments for the following crops and coverage levels:
Crop | Coverage level |
80% | 90% | 100% |
Black beans | | | ✓ |
Canola | ✓ | ✓ | ✓ |
Corn | | ✓ | ✓ |
Hard red winter wheat | | | ✓ |
Popping corn | | ✓ | ✓ |
Soft red winter wheat | | | ✓ |
Soybeans | | | ✓ |
Spring grain | ✓ | ✓ | ✓ |
Spring wheat | | ✓ | ✓ |
White beans | | ✓ | ✓ |
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.
Source: Agricorp