Due to current market disruptions, increased expenses and production challenges facing producers — the AgriStability enrolment deadline was extended to July 3, 2020 to allow more producers to benefit from the program.
New for the 2020 Program Year
From the Canadian Agricultural Partnership Guidelines:
4.3.2 Private insurance payments
1/ Indemnity payments from private insurance programs that are fully producer-funded are non-allowable in the Program Year Margin and allowable in the Reference Margin where they relate to:
price or revenue insurance associated with the sale of allowable commodities
price insurance associated with the purchase of allowable expenses
production insurance covering the production of allowable commodities (e.g. private hail insurance)
other income insurance, such as margin-based or guaranteed minimum income insurance
2/ Indemnity payments from private insurance programs not outlined above, that compensate Participants for the replacement of eligible agricultural commodities or allowable expense items, are included as allowable income in both the Program Year Margin and the Reference Margin (e.g. payments for inputs destroyed by fire).
To learn more about the changes, including private insurance codes and descriptions, view AgriStability Changes for 2020
Increased interim payments for hog and potato producers
Targeted changes were made to the AgriStability Interim Payment Program to help hog and potato producers experiencing COVID-19-related challenges due to reduced capacity at processing plants and variations in food service and consumer buying patterns. Learn more at Hog and potato producers affected by the pandemic can access increased interim AgriStability payments