Farmer Incentive Days
Last updated: August 28, 2024
Summary
Due to a continued higher than usual market demand in 2024, the P5 Boards announce an additional incentive day in each of the months of August and November, to be issued on a non-cumulative basis.
The P5 provincial boards’ primary objective is to continuously monitor the milk market situation and meet demand in the most optimal way and will continue to adapt production signals to address market changes, as required.
Due to improvements in the organic utilization rate through the spring and summer of 2024, as well as some expected small increases in demand in the fall of 2024, the DFO Board announces 3 incentive days for organic producers in each of the months of September and October and two incentive days in November, to be issued on a non-cumulative basis. This will provide the same incentive days to all producers, organic and conventional, in Ontario for the months of September to November 2024.
The DFO board will continue to monitor the market demand for organic milk, as well as the utilization rate, impact on premium, and processor commitment volumes, and will continue to review and adapt production signals to address organic market changes, as required.
The following table summarizes the incentive days:
| |
Conventional |
Organic |
| August 2024 |
2 |
0 |
| September 2024 |
3 |
3 |
| October 2024 |
3 |
3 |
| November 2024 |
2 |
2 |
| December 2024 |
|
|
Due to a continued higher than usual market demand in 2024, the P5 Boards announce an additional incentive day in each of the months of August and November, to be issued on a non-cumulative basis.
The P5 provincial boards’ primary objective is to continuously monitor the milk market situation and meet demand in the most optimal way and will continue to adapt production signals to address market changes, as required.
Due to improvements in the organic utilization rate through the spring and summer of 2024, as well as some expected small increases in demand in the fall of 2024, the DFO Board announces 3 incentive days for organic producers in each of the months of September and October and two incentive days in November, to be issued on a non-cumulative basis. This will provide the same incentive days to all producers, organic and conventional, in Ontario for the months of September to November 2024.
The DFO board will continue to monitor the market demand for organic milk, as well as the utilization rate, impact on premium, and processor commitment volumes, and will continue to review and adapt production signals to address organic market changes, as required.
The following table summarizes the incentive days:
