How does the AgriStability program work?
AgriStability targets assistance to farm operations facing large margin declines caused by production loss, increased costs, or market conditions.
AgriStability calculates a production margin (current year) and a reference margin (Olympic average of your five most recent production margins). If your production margin falls below your payment trigger (70 per cent of your reference margin), AgriStability will pay you 80 per cent of the difference.
Your production and reference margin are unique for your operation as they are built using your income tax and supplementary information. AgriStability benefits are paid after your tax year is complete and you have submitted your tax and AgriStability supplementary forms.
AgriStability is a low cost program. The cost works out to an approximate fee of $315 for every $100,000 of your reference margin.