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AgriStability (Quebec)

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Total AgriStability and Agri-Québec Plus program payments may not exceed $3 million for the same participation year.

Description

AgriStability (Quebec) is a front-line program intervening to protect the overall income of your farm business. It is based on your actual financial information and stabilizes your income in the event of a decline in your production margin.

Eligible Applicants

To be eligible for the AgriStability program, you must:

  • Be registered with MAPAQ, as stipulated by the Regulation respecting the registration of agricultural operations and the payment of property taxes and compensations, and provide your registration number;
  • Have reported farming income or loss in the year of participation to Canada Revenue Agency by December 31 of the year following the participation year;
  • Have completed a minimum of six consecutive months of farming activity in Canada;
  • Have completed a production cycle (with matching income and expenses);
  • Market a product according to the regulations and conventions in effect in the framework of the Act respecting the marketing of agricultural, food and fish products;
  • Provide your social insurance number, Québec business number or federal government business number.

Eligible Expenses

As of the 2023 participation year, if, for a given participation year, the production margin drops by more than 30% of the reference margin, the margin decline will be offset (80%) by a payment from the AgriStability program. The participation year is the year in which your business operation’s fiscal period ends (or fiscal periods end).

Total AgriStability and Agri-Québec Plus program payments may not exceed $3 million for the same participation year.

Deadline Date

May 15 of every year

Contact

Contact Name: La Financière agricole du Québec

Phone Number: 1 800 749-3646

Website: https://www.fadq.qc.ca/en/agristability/description/

Industry:

Agriculture

Location:

Quebec

Tags:

Agri-Business, Financial Assistance

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There is grant money waiting for YOU! BUT if you step in a “grant trap,” your application is a NO! Learn the FIVE most common errors to AVOID in government grants! Get the 5 Grant Gotchas now to save you countless hours.

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