Grant Name: AgriStability: Step 1. What this program offers

Status:

Active

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Deadline:

March 31, 2022 – deadline to apply for a 2021 Interim payment
April 30, 2022 – deadline to enroll for the 2022 program year and pay your fee without penalty

Description

AgriStability is one of the business risk management programs under the Canadian Agricultural Partnership. It protects Canadian producers against large declines in farming income for reasons such as production loss, increased costs and market conditions.

AgriStability is a margin based program designed to help producers manage large income declines.

Each year, you must enrol in the program, pay your fee and submit a form by the applicable deadlines.

You may receive a payment if your production margin in the current year falls below your historical reference margin by more than 30%.

Use the AgriStability Benefit Estimator to help you understand how the program works and to calculate an estimated benefit.

Eligibility

You are eligible to participate in AgriStability if you:

  • farm in Canada
  • file an income tax return reporting farming income (loss) to the Canada Revenue Agency (CRA) by the final filing deadline for the program yearFootnote1
  • filed farming income (loss) for tax purposes for all reference years in which you farmed
  • complete a minimum of six consecutive months of farming activity and a production cycle, unless you experienced a disaster
  • enroll in the program, pay your fee and file a form by the applicable deadlines

You may also need to comply with certain conditions set by your province or territory to receive a benefit. For more information on cross compliance, visit What is cross compliance?

Who can participate?

Participants include:

  • individual producers
  • partners in a partnership
  • corporations
  • co-operatives
  • communal organizations
  • landlords in a joint ventureFootnote2
  • estates
  • trusts
  • limited partnerships

Status Indians and Band Farms farming on a reserve

How to Apply?

1. Enroll

Each year you must enroll in the program by the enrolment deadline. The deadline to enroll for 2022 is April 30, 2022.

If you have participated in AgriStability in the last 2 years, AAFC will automatically send you an Enrolment Notice (or an invitation to participate) and you will be considered enrolled.

If you are a new participant, or you are rejoining after not participating in AgriStability for more than 2 years, complete and send AAFC a New and rejoining participant information form by the enrolment deadline. For help to complete your form, read the New and rejoining participant guide.

Once you are enrolled, AAFC will send you an Enrolment Notice, showing you the fee you have to pay to participate. You also have to pay a $55.00 administrative cost share.

If agreed to by the federal and provincial governments, a province or territory may allow producers the opportunity to participate in the program after the enrolment deadline if there has been a significant downturn in the farm sector and program participation is low. This is called late participation. For more information on late participation, visit What is late participation?

2. Pay your fee

Pay your fee and administrative cost share by the deadline.

If you miss the initial fee deadline, you have until the final fee deadline to pay your fee with a penalty equal to 20% of your fee.

You can pay your fee on the next business day if your fee deadline falls on Saturday, Sunday or statutory holiday.

For more information on how your fee is calculated and where to pay it, visit How is my fee calculated?

3. Complete your AgriStability form

If you farm in British Columbia, Manitoba, Newfoundland and Labrador, Nova Scotia, New Brunswick, or Yukon:

Individual, Corporation, Co-operative or Special Individual

British Columbia AgriStability AgriStability Administration PO Box 3200, Winnipeg MB  R3C 5R7

Toll-free fax: 1-877-949-4885

Individual

EFILE:
Canada Revenue Agency
Paper copy:
Canada Revenue Agency Tax Centre

PO Box 14001 Station Main

Winnipeg MB   R3C 3M3

Corporation, Co-operative or Special Individual

Canada Revenue Agency (Corporation Internet Filing) Paper copy:
AgriStability Administration
PO Box 3200
Winnipeg MB  R3C 5R7
Toll-free fax: 1-877-949-4885

If you farm in Alberta, Saskatchewan, Ontario, Quebec, or Prince Edward Island:

Province Toll-Free Website
Alberta 1-877-899-2372 Agriculture Financial Services Corporation
Ontario 1-888-247-4999 Agricorp
Prince Edward Island 1-855-251-9695 Prince Edward Island Department of Agriculture and Land
Quebec 1-800-749-3646 La Financière agricole
Saskatchewan 1-866-270-8450 Saskatchewan Crop Insurance Corporation

4. File your form by the deadline

Once your program year is over, send your completed AgriStability form by the deadline.

5. Receive an advance on your final benefit

Generally, you apply for AgriStability benefits after you complete your fiscal year. Since AgriStability benefits are based on information reported to the Canada Revenue Agency for income tax, there is a delay between the time you experience a loss and the time AAFC calculates a benefit.

There are two program features that allow you to receive an advance on your final benefit before you have completed your fiscal period.

Interim payment

An interim payment is based on estimates of your program year production margin and reference margin. To receive an interim payment, your estimated reference margin must decline by more than 30% of your estimated reference margin. You can apply for an interim payment if you want to access program funds early. The deadline to apply for an interim payment is March 31.

Targeted advance payment

In years when there is a need for more timely cash flow that cannot be addressed by the interim payment, governments may agree to make a targeted advance payment available to certain sectors or regions. A targeted advance payment is calculated by comparing the industry average decline to your most recent reference margin available. You will be notified by AAFC when a targeted advance payment is available for your region or sector.

Funding Amount

Based on individual applications.

For more information on interim payments and targeted advance payments, visit How are interim payments and targeted advance payments calculated?

Contact Information

Calling from Canada
Toll-free number: 1-866-367-8506
Fax: 1-877-949-4885
TDD/TTY: 613-773-2600
Calling from outside of Canada
Telephone: 204-926-9650
Fax: 204-259-5642
Mail
AgriStability Administration
PO Box 3200
Winnipeg MB R3C 5R7

Processing Fee

Based on individual applicants

Location/Classification

Canada
Farming and Agriculture

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