The Ontario government is boosting annual funding by $100 million for risk management programs.
The increases will come over three years, starting with $30 million this year.
The province has been contributing $150 million a year since 2020.
Farmers also pay more because their share will remain at 35 per cent.
The announcement comes one day before Premier Doug Ford will call an election to be held in March.
It also matches what a coalition of farm organizations asked for, including Beef Farmers of Ontario and Ontario Pork.
“Our government promised farmers we would continue to expand and enhance RMP (risk management programs), and with this historic investment, we have delivered,” said Agriculture Minister Rob Flack.
He also gave credit to previous Agriculture Minister Lisa Thompson.