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MARKET REVENUE INSURANCE PROGRAM [1 record]

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Record 1 2001-12-04

English

Subject field(s)
  • Titles of Intergovernmental Programs
  • Laws of the Market (Economy)
  • Insurance
OBS

The Market Revenue Insurance Program provides farmers with protection from low commodity prices. Payments are made when the average annual Ontario price for the current crop falls below the support price, which is calculated using 85 per cent of the 15-year indexed moving average price. The program is jointly funded by the provincial and federal governments. Payouts received by producers are reduced by one-third in lieu of a producer premium. The Market Revenue Insurance Program is administered by AGRICORP on behalf of Agriculture and Agri-Food Canada and the Ontario Ministry of Agriculture, Food and Rural Affairs.

French

Domaine(s)
  • Titres de programmes intergouvernementaux
  • Lois du marché (Économie)
  • Assurances
Key term(s)
  • Programme d'assurance revenu du marché

Spanish

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