AgriStability

By mmuise
Description:

Market disruptions, global uncertainty, drought conditions, floods and forest fires can all create financial challenges that affect your bottom line. AgriStability helps stabilize farm income by managing the risk of large income declines.
Payments are made if a producer’s current year margin falls more than 30% below their reference margin.


Comments on Funding:

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Deadline: December 31, 2023
Eligibility:

Applicants must:

  • have income from the primary production of agricultural commodities;
  • have carried on the business of farming in British Columbia and reported farming income (or loss) for income tax purposes;
  • have completed a minimum of six consecutive months farming activity;
  • have completed a production cycle that includes one or more of the following:
    a. The growing and harvesting of a crop;
    b. The process of rearing livestock;
    c. The purchase and sale of livestock within a program year in the case of feeding or finishing enterprises.
Application Steps:

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Documentation Needed:

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Other Things to Note:

The Ministry of Agriculture and Food in collaboration with the federal government, have acted to ensure that any agricultural producers who did not enroll in AgriStability for 2023, are now eligible to enroll as a Late Participant

About the author
mmuise