Victoria/Ottawa/Fraser Valley – B.C. farmers and producers now have until June 30, 2022, to enrol in the Federal-Provincial-Territorial AgriStability Program, giving them an extra two months to assess their risk-management needs.
“Our government is doing everything it can to support producers to ensure they make it through the challenges today and are better positioned for the future,” said Marie-Claude Bibeau, federal Minister of Agriculture and Agri-Food. “Many producers are facing stress and uncertainty due to circumstances beyond their control. This step to extend the enrolment deadline will help more producers manage the impact of challenges facing their farm operations and provide them with more time to take advantage of the support available under AgriStability.”
Under the Canadian Agricultural Partnership, AgriStability provides income protection to farmers and producers who experience large financial declines caused by production losses, disease outbreak, increased costs or declining market conditions.
AgriStability participation has been increasing in B.C., with 2,270 farmers enrolled in the program for 2021.
FYI:
- AgriStability is a whole-farm, low-cost business risk-management program that helps farm operations manage large declines in net farming income.
- AgriStability offers personalized coverage for each farm based on income tax and production information.
- Program costs are shared 60% by Canada, 40% by British Columbia.
Links:
For more information about AgriStability, visit: www.gov.bc.ca/AgriStability
For assistance with enrolment, contact BC AgriStability Administration at 1-877-343-2767 or AgriStability@gov.bc.ca
