News From SCIC
Stop by and chat with the SCIC Executive Management Team at the 2021 Canadian Western Agribition in Regina, Saskatchewan! Your feedback is important to us as we work to ensure our business risk management programs remain relevant and meet the needs of today’s producers.
Dry Conditions – AgriStability Coverage
With persistent dry conditions across Saskatchewan, many producers are facing challenging situations. This industry advisory will provide additional information on how the AgriStability Program can provide support for production losses and increased expenses resulting from dry conditions.
The federal and provincial governments have agreed to increase the 2021 AgriStability interim benefit payment percentage from 50 per cent to 75 per cent for Saskatchewan producers.
During today’s virtual meeting of Canada’s federal, provincial, and territorial (FPT) Ministers of Agriculture[1], Ministers agreed to remove the reference margin limit for AgriStability, one of the business risk management (BRM) programs under the Canadian Agricultural Partnership. The removal of the reference margin limit will be made retroactive to the 2020 program year. In addition, the deadline for producers to enroll in the 2021 program year will be extended to June 30, 2021.