After several months of negotiation, Canada’s federal, provincial, and territorial Ministers of Agriculture have agreed to remove the reference margin limit for AgriStability. The removal of the reference margin limit is retroactive to the 2020 program year.
As this is a substantial change to the program, the enrolment deadline for the 2021 program year has been extended to June 30, 2021.
Work continues on longer term reforms to improve business risk management programs, including AgriStability, ahead of the next Canadian Agricultural Partnership (CAP) agreement. The current CAP agreement expires March 31, 2023.
To read the official federal announcement, please see Canada’s Ministers of Agriculture agree to implement a key improvement to the AgriStability program to better support farmers
To read the provincial announcement, please see Fighting for better programs for farmers and ranchers