AgriStability Payments
Agriculture and Agri-Food Canada (AAFC)
Last Verified:
2008-01-22
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More Information
AgriStability, together with AgriInvest,
replaces the coverage previously provided under the Canadian Agricultural Income
Stabilization (CAIS) Program.
Should your production margin fall below
85% of your reference margin in a given
year, you may fill out the AgriStability participant package forms to receive
a program payment.
Eligibility Criteria
Individuals, co-operatives and corporations can participate in AgriStability. To be eligible, you must have:
- farmed for at least six straight months during the
program year and reported your farming income (or loss) to Canada Revenue
Agency for tax purposes; and
- completed (or attempted to complete) a production cycle during the program year.
Eligible Area
AgriStability is delivered by the federal government in:
provincially in:
-
Alberta by the Agriculture Financial Services Corporation (AFSC)
-
Ontario by Agricorp
-
Quebec by La Financière agricole
-
Prince Edward Island by its Department of Agriculture
Summary
You receive an AgriStability payment when your current year program margin
falls below 85% of your reference margin. AgriStability is based on margins:
- Program margin - your allowable income minus your
allowable expenses in a given year, with adjustments for changes in
receivables, payables and inventory. These adjustments are made based on
information you submit on the AgriStability harmonized form.
- Reference margin - your average program margin for three of the past five
years (the lowest and highest margins are dropped from the
calculation).
New Brunswick Contact(s):
See National Contact.
National Contact(s):
AgriStability - Farm Income Programs
Agriculture and Agri-Food Canada
P.O. Box 3200, Station Main
Winnipeg, Manitoba
R3C 5R7
Fax: 1-877-949-4885
Toll-free (information): 1-866-367-8506
Web site:
http://www.agr.gc.ca/index_e.phtml
Hours of operation: Hours of Operation: 7:00 a.m. to 6:00 p.m. CST, Monday to Friday