The governments of Canada and B.C. are making changes to the AgriStability program to provide more financial support to B.C. farmers, following a virtual meeting of the federal, provincial and territorial ministers of agriculture.
Effective Friday, July 25, 2025, there are several enhancements for the 2025 AgriStability program year, including:
- increasing the compensation rate from 80% to 90%, meaning producers will receive 90 cents for every dollar of eligible income decline
- doubling the compensation cap from $3 million to $6 million to offer more equitable protection for larger farms and ranches
- advancing interest-free payments to farmers for up to 75% of their anticipated final claim
B.C. farmers have until Thursday, July 31, 2025, to enrol in AgriStability for the 2025 program year.
These changes respond to international trade concerns and will help many B.C. farmers who are enrolled in the AgriStability program and have suffered income losses from occurrences such as extreme weather damage.
AgriStability is part of the Sustainable Canadian Agricultural Partnership and helps protect farmers from large drops in income due to things like poor yields, rising costs or market changes.
