
AgriStability — Alberta
- Open Date : April 1, 2023
Overview
Get financial support to help manage large income declines caused by production loss, increased costs or market conditions.
At a glance
Funding available
- Optimize production processes
- Maximum amount : 6,000,000 $
- Up to 80% of project cost
- Open Date : April 1, 2023
Eligible candidates
- Agriculture, forestry, fishing and hunting
- Alberta
- For-profit business
- Sole proprietorship
- Non-financial cooperative
- $ 6,000,000 maximum revenue
- All organization sizes
- Rural or Northern Residents
Next steps
Activities funded
AgriStability supports activities that help Canadian producers manage significant risks leading to large income declines. The program is designed to cover various farm-related expenses and income losses.
- Coverage for loss of income due to production decline.
- Protection against adverse market conditions affecting farm income.
- Management of direct input costs in farming operations.
- Support for commodity purchases to maintain farm operations.
Documents Needed
- Application for Fee Notice form
- AgriStability Participant Declaration
- New and rejoining participant information form, if applicable
- Reference Margin Election form or Tax-Aligned Reference Margin Consent form, if applicable
- Supporting supplementary forms and schedules for your program year, including Statement A / Statement B, accrual schedules, inventory worksheets, interim application forms, or coverage notice forms, as applicable
Eligibility
Who is eligible?
AgriStability is designed to support farmers across Canada who face substantial income declines in their farming operations. Specifically, the program is intended for Canadian producers whose farms are eligible based on certain criteria:- Farmers who have completed six months of consecutive farming activity and a production cycle.- Producers who are running farming operations within Canada.- Individuals, corporations, co-operatives, trusts, or communal organizations that report farming income to the Canada Revenue Agency (CRA).- Producers who have paid the AgriStability program fee.Who is not eligible
- Government funded organizations, including research stations, universities and colleges.
- Landlords earning rental income (cash rent or payments-in-kind) for crop or livestock shares or lease arrangements.
- Former federal public office holders or public servants who are not in compliance with federal conflict of interest guidelines.
- Dissolved corporations.
- Individuals or entities whose income and expenses relate only to non-allowable activities or commodities for the program, such as aquaculture, peat moss, wild game reserves, cannabis (except industrial hemp), trees and seedlings for reforestation, or wood sales.
Eligible expenses
The AgriStability program is designed to provide financial protection and support to Canadian producers facing significant risks in their agricultural operations. Eligible activities for this grant program focus on managing income declines due to various factors impacting farming operations.
- Management of whole-farm risks through coverage based on the producer's own farm history.
- Coverage and support for margin declines greater than 30 per cent due to production losses, adverse market conditions, and increased costs.
- Participation in interim advances to receive early payments of estimated benefits before the program year completion.
- Engagement with AgriStability to access additional credit options, like the Advance Payments Program (APP).
Ineligible Costs and Activities
- Aquaculture.
- Trees and seedlings sold for use in reforestation.
- Wood sales.
- Peat moss.
- Wild game reserves and cannabis, except industrial hemp.
Eligible geographic areas
This grant is available to producers operating within Canada as part of the suite of business risk management programs. This encompasses agricultural activities conducted across Canadian provinces and territories.
- Producers farming anywhere within Canada, inclusive of all provinces and territories.
Processing and Agreement
- After your form is submitted, the administering organization reviews it and calculates your benefit or estimated support level based on the information provided.
- You receive a notice showing the result of the assessment, such as a Calculation of Program Benefits notice or a coverage notice where applicable.
- If any required information is missing or needs verification, the file may be held, reopened, or adjusted based on supporting documentation and program deadlines.
- Interim payments, when applicable, are treated as an advance on the final benefit and are later deducted from the final calculation.
- If you disagree with the decision or believe the rules were not applied correctly, you may request a review or appeal within the stated deadline.
Additional information
Here are some additional details about the AgriStability program:
- AgriStability provides Canadian producers with an ongoing whole-farm risk management tool that offers protection against large declines that threaten the viability of their farm and are beyond their capacity to manage.
- The Sustainable CAP's agreement includes $1 billion in federal programs and activities and $2.5 billion in cost-shared programs and activities funded by federal, provincial, and territorial governments.
- Participants in the AgriStability program can apply for an interim advance, allowing them to receive a portion of the estimated benefit early.
- The program's compensation rate has increased to 80 per cent under Sustainable CAP, which is in effect for the 2023 program year.
- Simplified participation is offered for new participants or those who have been out of the program for at least four years, allowing them to submit three years of tax and supplementary information instead of five.
Contacts
Frequently Asked Questions about the AgriStability — Alberta Program
What is the AgriStability — Alberta?
How much funding can be received?
Who is eligible for the AgriStability — Alberta program?
What expenses are eligible under AgriStability — Alberta?
Who can I contact for more information about the AgriStability — Alberta?
Where is the AgriStability — Alberta available?
Is the AgriStability — Alberta a grant, loan, or tax credit?
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