Maximum Grain Revenue Entitlements for Crop Year 2023–2024
December 24, 2024 – The Government of Canada has announced the maximum grain revenue entitlements (MGREs) for the 2023-2024 crop year. MGREs are payments made to eligible producers to help them mitigate risks associated with price volatility in the agriculture sector.
The MGRE rates for the 2023-2024 crop year are as follows:
- Wheat: $6.50 per tonne
- Durum wheat: $9.00 per tonne
- Barley: $4.50 per tonne
- Oats: $3.50 per tonne
- Corn: $5.00 per tonne
- Soybeans: $4.00 per tonne
- Canola: $6.00 per tonne
- Flax: $4.50 per tonne
- Mustard seed: $4.50 per tonne
- Lentils: $4.50 per tonne
- Peas: $4.50 per tonne
- Chickpeas: $4.50 per tonne
In order to be eligible for MGREs, producers must:
- Be registered with the Canadian Agricultural Income Stabilization (CAIS) program
- Have produced at least 10 metric tonnes of eligible grain in the 2023-2024 crop year
- Meet other eligibility requirements set out in the program regulations
The MGRE program is designed to help producers manage the risks associated with price volatility, which can have a significant impact on their income. The program provides a financial safety net for producers, helping them to weather periods of low prices.
Producers who are interested in participating in the MGRE program should contact their local Farm Service Agency office.
Additional Information
In addition to the MGRE program, the Government of Canada also offers a number of other programs to support producers, including:
- The Canadian Agricultural Income Stabilization (CAIS) program, which provides income support to producers who experience a decline in their income due to circumstances beyond their control
- The AgriInvest program, which helps producers save for the future and manage risk
- The Advance Payments Program (APP), which provides producers with access to low-interest loans to help them cover the costs of production
These programs help producers to manage the risks associated with farming and to ensure the long-term sustainability of the agriculture sector in Canada.
Maximum Grain Revenue Entitlements for Crop Year 2023–2024
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