It’s not too late for producers to get more coverage for their farm businesses. The government offers a suite of risk management programs to help farmers manage risks during challenging seasons like this one. These programs are cost-shared with government, making them affordable options.
Producers now have until July 2 to enrol in AgriStability. AgriStability can help if a producer’s whole farm income falls below 70 per cent of their recent average. AgriStability covers a variety of risks and there are no planting deadlines.
Whether an income drop is due to inability to plant, production loss, weather challenges or severe market volatility, AgriStability has producers covered.
Recent changes to AgriStability under the Canadian Agricultural Partnership make it more responsive to severe economic losses. Producers are now guaranteed a reference margin of at least 70 per cent of their average net income – no matter how low their expenses are. This means an increased potential for AgriStability payments when producers really need it.
AgriStability is now easier than ever to enrol in. Less information about farming history is required, meaning less paperwork to submit. To enrol in AgriStability, visit agricorp.com or call Agricorp at 1-888-247-4999.