The Canadian Agricultural Partnership is a five year federal-provincial-territorial funding agreement that governs business risk management (BRM) programs such as Crop Insurance, AgriStability, Western Livestock Price Insurance and AgriInvest.
The major change to the AgriStability Program as a result of the Canadian Agricultural Partnership comes to the Reference Margin Limit (RML). Producers are now guaranteed that the Reference Margin Limit used in their program calculations will never be less than 70 per cent of their conventional reference margin. In addition, the Canadian Agricultural Partnership will also include fewer barriers to enter the Program, as the application process will be simplified involving fewer forms.
AgriStability is one of the risk management programs offered through the Saskatchewan Crop Insurance Corporation. AgriStability is designed to help farm operations facing large margin declines caused by production loss, increased costs or market conditions. Programs like AgriStability and Crop Insurance provide producers with the opportunity to be proactive in their risk management approach and reduce the need for government to step in with ad hoc funding.
The initial deadline to enrol for the 2018 AgriStability Program is April 30.
Source : Saskatchewan Crop Insurance Corporation