How much funding can be received?

Funds up to 80% of admissible expenses.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the AgriStability — Alberta?

AgriStability — Alberta is funded by Government of Alberta, Agriculture Financial Services Corporation

What are AgriStability — Alberta's eligibility criterias?

The producer must be farming in Canada and report farming income to the Canada Revenue Agency as an individual, corporation/co-operative, or trust/communal organization. The producer must have completed six months of consecutive farming activity and a production cycle. AgriStability fee must be paid to be eligible for program participation.

AgriStability — Alberta

Canada

Insurance to protect farming operations

grant_single|update January 24, 2025

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grant_single|openingDateApril 1, 2023

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Grant and Funding

grant_single|eligibleIndustries

Agriculture, forestry, fishing and hunting

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Government of Alberta
Agriculture Financial Services Corporation

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Get financial support to help manage large income declines caused by production loss, increased costs or market conditions.

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This grant provides flexible financial support aimed at managing significant income declines for Canadian agricultural producers. With changes under the Sustainable Canadian Agricultural Partnership, there are enhancements in compensation rates and simplified benefits calculation processes.

Compensation rate increased to 80% or 80 cents per dollar of support for losses exceeding 30% of the reference margin.
Removal of the reference margin limit allows for potentially increased coverage.
Interim advance payments can be applied for, providing a portion of the estimated benefit before complete calculations are made at year’s end.
Participants can receive benefits for financial distress due to various factors such as production loss, adverse market conditions, and increased costs.
Payments are made after the completion of the program year, ensuring accurate calculation based on allowable income and expenses.

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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.

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$ 200,000

Building an innovative greenhouse to enhance crop yield and efficiency

$ 200,000

Developing a new soil retention technology to enhance farm sustainability

$ 120,000

Launching a training program for sustainable agricultural practices

$ 160,000

Creating a marketing campaign to promote local organic products

$ 160,000

Adopting new irrigation technology to reduce water usage

$ 160,000

Implementing an organic waste management system on the farm

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Eligibility for the AgriStability program requires specific criteria related to the applicant's farming operations and financial reporting.

The applicant must be farming in Canada.
The applicant must have completed six months of consecutive farming activity and a production cycle.
The applicant must have reported farming income to the Canada Revenue Agency (CRA) as an individual, corporation/co-operative, or a trust/communal organization.
The applicant must have paid their AgriStability fee.

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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.

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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).

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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.

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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.