Saskatchewan farmers hoping to boost cash flow with an AgriStability interim payment can now apply to get up to three-quarters of their final payment for 2020. The Saskatchewan and federal governments announced an agreement Friday to increase the 2020 AgriStability interim benefit payment percentage to 75 per cent for producers in that province, up from […] Read more
Tag Archives agristability — page 6
Saskatchewan to bump up AgriStability interim payouts
Allowable percentage of final benefit raised
Farm groups offer finance committee food security for thought
The Canadian Federation of Agriculture (CFA) continues to pressure the federal government to offer more support for farmers as it looks to mitigate impacts of COVID-19. One of few parliamentary functions continuing to operate in the pandemic, the Commons standing committee on finance is responsible for studying and reporting on matters related to government spending. […] Read more
AgriStability deadline extended for 2020
Income stabilization plan's latest enrolment date stretched nine weeks
The federal government and provinces have agreed to spot farmers nine extra weeks to enroll in AgriStability for the 2020 program year. The governments on Friday announced the AgriStability enrolment deadline for 2020, previously April 30, has been extended without penalty to July 3. The decision by Ottawa, the provinces and territories “will enable the […] Read more
Time for another look at AgriStability?
Application dates remain the same, despite tax filing deadline extension
Even though the federal government has extended the tax filing deadlines many farmers will benefit from getting their year-end financial work done before planting. If you are expecting tax refunds, doing the work now will mean a quicker return to help with cash flow. The other reason to complete your year-end is to ensure you […] Read more
CFA seeks immediate cash for farmers
Farm and industry leaders say more needed beyond measures already announced
The Canadian Federation of Agriculture wants the federal government to provide immediate stimulus to farmers through business risk management (BRM) programs as part of its ongoing response to COVID-19. At a recent board meeting, the organization representing about 200,000 farmers across Canada passed motions calling for increased funding to the AgriInvest BRM program — and […] Read more
Quebec ag lender offers break on loan payments
Crop insurance enrolment deadline also postponed
Quebec’s provincial farm lending agency is set to offer a six-month moratorium on loan repayments to any customers who ask for one, against what it describes as a “crisis” for the ag sector. La Financiere agricole du Quebec (FADQ) said Saturday the six-month stay would help lighten the obligations for farm businesses, providing them liquidity […] Read more
Saskatchewan pares ag spending in estimates
Spending estimates released without revenue forecasts
Saskatchewan expects to pull back its spending on agriculture by about $22.4 million in its 2020-21 budget year, mainly in a reduced outlay on business risk management (BRM) programs. Provincial Finance Minister Donna Harpauer on Wednesday tabled the province’s 2020-21 spending estimates with the “unusual step” of not including revenue forecasts, citing the current COVID-19 […] Read more
Business risk management program reforms in development
Changes expected to be announced in July
Recommendations are now being crafted for Agriculture Minister Marie-Claude Bibeau on how to improve business risk management (BRM) programs for farmers in Canada. It’s expected changes to BRM programs will be announced in July when Bibeau and her provincial counterparts meet in Guelph. The recommendations are coming after a study by MPs on the Commons […] Read more
B.C. to punch up AgriStability
Reference margin limit eliminated for 2019, 2020
British Columbia plans to make another $9 million available to farmers through “enhancements” to AgriStability for the 2019 and 2020 program years. The province on Thursday announced it will increase the compensation rate available through the federal/provincial income stabilization program from 70 per cent to 80 per cent when margins fall below the 30 per […] Read more
Opinion: Minister buying time on business risk programs
Federal deficit and provincial agreement are barriers to change
The federal government is buying time when it comes to making drastic improvements to AgriStability and other business risk management (BRM) programs. Federal Minister of Agriculture Marie-Claude Bibeau recently announced minor, cost-free tweaks to AgriStability, during the same week the public was given an updated look at Canada’s fiscal situation. The recent fiscal update shows […] Read more
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