FAQs

AgriStability

• What is AgriStability?
  Glad you asked...

  AgriStability is designed to help farm operations facing large margin declines caused by production loss, increased costs or market conditions.
  

  AgriStability is an affordable, low-cost Business Risk Management (BRM) program offering:

  -protection for your whole farming operation
  -financial support to help offset large margin declines
  -personalized coverage based on your farm history
  -program information accessible anytime, anywhere with AgConnect

  AgriStability is a national program under the Canadian Agricultural Partnership (CAP) agreement on agriculture policy. CAP is a federal-provincial-territorial funding agreement that governs BRM programs, such as AgriStability and AgriInvest, to support Canadian agriculture.

• Is AgriStability an affordable program?
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  AgriStability is a low-cost Business Risk Management program. The program fee is $3.15 for every $1,000 of Contribution Reference Margin. A $55 fee is also applied to help cover administrative costs. In Saskatchewan, the average cost to participate in the AgriStability Program is $0.67 per acre or $1.16 per head. All participants are given 30 days from the date on their Enrolment/Fee Notice or until the enrolment deadline whichever is later, to pay these fees without penalty.

• How does removing the Reference Margin Limit impact my operation?
  Glad you asked...

  The Reference Margin Limit is removed from the AgriStability Program, retroactive to the 2020 Program year.
  

  Removal of the Reference Margin Limit allows the AgriStability Program to better support producers experiencing declines in farm income from factors such as production loss, increased costs and poor market conditions.

  Removing the Reference Margin Limit makes the AgriStability Program more effective and equitable.

  Farming operations with low allowable expenses will see increased coverage and the opportunity to access larger benefits.

• When can I enrol in AgriStability?
  Glad you asked...

  The deadline to enrol in AgriStability each year is April 30. For the 2022 program year, the deadline to enrol is extended until June 30, 2022. Producers enrolled in the Program must pay their program fees by December 31 to be eligible to receive program benefits. There is a penalty for fees paid after the June 30 deadline or 30 days after their enrolment fee/notice, whichever is later.
  

  To participate in AgriStability for the 2022 program year, please contact us and request a new participant package.

• What is considered a contract buy-out?
  Glad you asked...

  This can vary from company to company, but in most cases, it is the difference between the amount the producer committed to deliver, and the actual amount they must meet for the commitments of the forward contract.
  

  Click here to learn more or contact the AgriStability Call Centre at 1-866-270-8450.

• What if I decide to purchase grain to fulfill my contract?
  Glad you asked...

  In the event you cannot meet the obligations of the contract, you may decide to purchase inventory to fulfill the contract. The income and expense related to purchasing inventory to meet the shortfall of the contract is allowable, if the operation has the resources/capacity to produce the commodity at the amounts which are contracted.

  Click here to learn more or contact the AgriStability Call Centre at 1-866-270-8450.

• Is the expense to buy-out a grain contract allowable for AgriStability?
  Glad you asked...

  Yes, however, it is the shortfall between the actual production amount the producer has the ability to deliver on and the volume committed to in the forward contract AgriStability will consider allowable. In situations where producers have not produced enough grain to fulfill their contracts, they are able to enter the expense incurred to buy out the shortfall of their contracts under code 9836 Commissions and Levies. The shortfall represents only the quantity of the contract they were unable to fill, and not the cost to buy out the entire contract to obtain a better price.
  

  Click here to learn more or contact the AgriStability Call Centre at 1-866-270-8450.

• Can I be in both Crop Insurance and AgriStability?
  Glad you asked...

  Absolutely! SCIC encourages producers to consider participating in both Crop Insurance and AgriStability Programs as part of a comprehensive risk management plan for their farming operation.
  

  With Crop Insurance, you have coverage for your crops from the start of seeding season until harvest is complete. Through AgriStability, you have even further coverage for other uncontrollable events throughout the year, such as, rising input costs, falling commodity prices or unforeseen additional expenses. Since AgriStability accounts for the whole farm, the Program can provide benefit payments even if you also receive a Crop Insurance payment.

• What is an interim benefit?
  Glad you asked...

  An interim benefit payment is an advance on your final AgriStability benefit payment. You can apply for an interim benefit if you need access to program funds before completing your program year.
  

  Saskatchewan producers can apply for an interim benefit to receive 50 per cent of their estimated final benefit before completing their program year.

  The interim benefit is calculated based on the estimated margin decline or loss for the year when compared to the reference margin (historical average).

  Please call the AgriStability Call Centre at 1-866-270-8450 to apply and see if you may be eligible to receive an interim benefit. The last day to apply for an interim benefit for the 2021 program year is March 31, 2022.

• How can I join AgriStability?
  Glad you asked...

  Enrolling in AgriStability is easy! Click here to request a call-back, contact your local SCIC office or call the AgriStability Call Centre at 1-866-270-8450 and request a new participant package.

• When can I submit my 2021 program forms?
  Glad you asked...

  The deadline to submit 2021 AgriStability program forms without penalty is September 30, 2022.
  

  Submitting program forms is part of the annual process for producers enrolled in AgriStability. The information provided determines whether each producer qualifies for a payment. It also ensures the farm’s reference margin, which payments are based upon, is up to date.

  Any 2021 program forms received after September 30, 2022, may be subject to a penalty fee. AgriStability benefits will be reduced by $500 per month; however, if no benefit is calculated, there is no penalty applied. Program forms, with penalty, must be submitted by December 31, 2022.