Today, Federal Agriculture and Agri-Food Minister Marie-Claude Bibeau and Saskatchewan Agriculture Minister David Marit announced the AgriStability enrolment deadline for the 2022 program year has been extended without penalty to June 30, 2022. This step, agreed to by federal, provincial, and territorial governments, will help producers manage the impact of avian influenza (bird flu), current market disruptions, increased expenses and production challenges facing many farm operations.
AgriStability is a low-cost, business risk management program. Coverage is personalized for each farm by using historical data to calculate a program year margin and a reference margin. AgriStability helps protect a producer's bottom line against production loss, increased costs or market conditions. In the last five program years, Saskatchewan producers have received over $435 million in benefit payments.
Recent changes to the AgriStability Program make it more responsive for producers. Removing the reference margin limit from the AgriStability Program means payments are more predictable, more equitable and more efficient across all agriculture sectors.
