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AgriStability (Manitoba)

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Value

Varies
The federal government pays 60 per cent of the cost of the program and the provincial government pays 40 per cent.

Description

AgriStability is a Business Risk Management Program under the Sustainable Canadian Agricultural Partnership. It helps farmers manage income risk by providing financial assistance when their farm business experiences a large margin decline.

Eligible Applicants

  • All farmers are eligible, including those farming on reserve lands, if they conduct at least six months of farming activity and complete a production cycle within their fiscal year.
  • Farmers must report farming income for income tax purposes or submit the equivalent information, if tax-exempt.
  • Farmers must also meet all program requirements, including deadlines for sending information and paying program fees.
  • All agricultural commodities are eligible except for aquaculture, forestry products, peat moss, game, cannabis, and the processing or resale of items not produced by the farmer.

Eligible Expenses

Support under AgriStability is based on margins defined as the difference between allowable income and allowable expenses.

  • Income and expenses directly related to the production of farm commodities are considered allowable. (ex: commodity sales or purchases, fuel, inputs, and AgriInsurance proceeds and premiums.) Margins are adjusted for changes in inventory, accounts payable and receivable, and purchased inputs.
  • Other income such as custom work, rental income, or program payments are not considered allowable, nor are expenses such as overhead, repairs, rent, interest, or depreciation.

Deadline Date

Ongoing. Please click the link indicated below for update.

Contact

Contact Name: Manitoba Agriculture

Phone Number: 1-800-811-4411 or 1-844-769-6224

E-mail Address: agriculture@gov.mb.ca

Website: https://www.gov.mb.ca/agriculture/funding/agri-stability.html

Industry:

Agriculture

Location:

Manitoba

Tags:

Farmer, Farming, Financial Assistance

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