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AgriStability (Saskatchewan)

December 31, 2024

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Varies

Description

AgriStability is a low-cost business risk management program designed to help farm operations facing large margin declines caused by production loss, increased costs or market conditions. Coverage is personalized for each farm by using historical information, based on income tax and supplementary information.

Eligible Applicants

To be eligible to participate in the AgriStability Program, you must:

  • derive income from the primary production of agricultural commodities;
  • carried on the business of farming in Canada and reported farming income (or loss) for income tax purposes;
  • completed a minimum of six consecutive months of farming activity in the program year;
  • completed a production cycle; and
  • submitted the required information by the deadlines.

Eligible Expenses

Your program year margin is calculated each year. When your program year declines by more than 30 per cent of your reference margin, an AgriStability payment will be triggered. Beginning in the 2023 program year, the compensation rate is increasing. This means, when an AgriStability payment is triggered, the current payment of 70 cents for every dollar of decline will increase to 80 cents per every dollar of decline.

Deadline Date

Program Forms Final Deadline (with penalty) December 31, 2024.

Contact

Contact Name: AGRISTABILITY

Phone Number: 1.866.270.8450 (toll-free)

E-mail Address: agristability@scic.ca

Website: https://www.scic.ca/agristability/

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