SDRM helps growers manage risk.
How does it work? Edible horticulture producers deposit funds into a self-directed risk management (SDRM) account, which is matched by the Ontario government. The funds can be withdrawn based on self -identified risks.
The maximum amount that the government will match is based on allowable net sales (ANS), as reported on the farm’s 2011 tax forms (T1163 or Statement A). This maximum is calculated by Agricorp and detailed on your personalized deposit notice.
The government matching contribution is based on different rates according to the farm ANS as follows:
- ANS up to $2.5 million, maximum contribution equals 2% of ANS.
- between $2.5 million and $5 million of ANS, the maximum contribution equals 2% of the first $2.5 million, and 1.5% of the balance of the ANS.
- greater than $5 million of ANS, the maximum contribution equals 2% of the first $2.5 million; 1.5% of the amount over $2,500,000 to $5 million; and 1% of the balance of your ANS.
New for 2012
- You must enrol in AgriStability by April 30, 2012
- You must provide a valid premises identification number. To obtain your premises ID, apply online at www.ontarioppr.ca or call 1-855-697-7743. Have your assessment roll number handy. Your assessment roll number can be found on your property tax assessment.
- You must make a deposit into your SDRM account by February 1, 2013to receive your matching government contribution
- The maximum contribution is based on new percentages (see Rates for details)
- The Canada Revenue Agency (CRA) has made changes to commodity codes
Agricorp will send personalized participation forms along with the 2012 handbook to eligible producers in September.
The SDRM program handbook and details are now posted on the Agricorp website. http://www.agricorp.com/en-ca/Programs/RMP/EdibleHorticulture/Pages/Overview.aspx