AgriStability — British Columbia
BC, Canada
Insurance to protect farming operations
grant_single|update January 24, 2025
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
grant_single|grantors
- Sustainable Canadian Agricultural Partnership (SCAP)
- Government of British Columbia
grant_single|status
grant_card_status|open
grant_single_labels|preview
Get financial support to help manage large income declines caused by production loss, increased costs or market conditions.
grant_single_labels|projects
grant_single|admissibleProjectsExample
$ 50,000
Completion of blueberry production cycle with new irrigation system
$ 65,000
Soil supplement application for crop yield improvement
$ 55,000
Investing in organic fertilizer for vegetable farming
$ 62,000
Compensation for wildlife damage to apple orchards
$ 80,000
Implementation of advanced packaging for dairy products
$ 40,000
Purchase of veterinary supplies for cattle farming
grant_single_labels|admissibility
Eligibility for AgriStability 2024 in the Government of B.C. is determined by specific criteria related to the farming operation and its circumstances.
- The applicant must carry on the business of farming in Canada and report Farming Income (or loss) to the Canada Revenue Agency for income tax purposes no later than 3 months after the deadline for submitting Program Forms for the Program Year.
- The applicant must have completed a minimum of six consecutive months of farming activity.
- The applicant must have completed a Production Cycle.
- The applicant must meet all Program requirements by the deadlines established by the Administrator.
- The applicant must meet any other applicable provincial requirements as specified in the Guidelines.
- Status Indians who farm on a reserve in Canada and do not file returns for income tax purposes must submit equivalent information for participation.
- Research stations, universities, colleges, and government-funded institutions are not eligible.
- Former federal public office holders or servants not complying with federal conflict of interest guidelines are ineligible.
grant_eligibility_criteria|who_can_apply
The AgriStability program is aimed at farmers and agricultural entities in Canada who experience significant income disruptions. Eligible participants must adhere to specific guidelines outlined by the government, and meet baseline criteria based on their farming operations and financial activities.
- Carried on the business of farming in Canada and reported Farming Income or loss to the Canada Revenue Agency.
- Completed a minimum of six consecutive months of farming activity in the relevant Program Year.
- Completed at least one full Production Cycle.
- Met all required Program deadlines and administrative criteria.
- Followed sound management practices during the Program Year.
- Special conditions and exemptions for Status Indians and certain partnerships under specific provincial regulations in Quebec.
- Exclusion for academic, governmental, and sport-based agricultural activities.
- Entities must consist of legal partnerships or recognized corporate structures under relevant laws.
grant_eligibility_criteria|who_cannot_apply
The AgriStability program sets specific restrictions on eligibility, focusing on ensuring that certain entities do not qualify for support. These restrictions are established to maintain the program's alignment with its agricultural focus.
- Research stations, universities, colleges, and other government-funded institutions are not eligible.
- Former federal public office holders or servants not complying with federal conflict of interest guidelines are excluded.
grant_eligibility_criteria|eligible_expenses
AgriStability provides financial support to agricultural producers in British Columbia by protecting participants from large declines in their farming income. This program involves monitoring farm tax and production information to provide compensation in the event of significant income loss as defined by the Production Margin falling below the Reference Margin threshold. Eligible activities under this program primarily focus on ensuring the sustainability of farm income, improving farm operational practices, and enabling participation in compliance with program requirements.
- Enrollment of agricultural operations in the AgriStability program to monitor and report farm financial data.
- Conducting a Production Cycle to meet program participation requirements.
- Submitting the necessary Program Forms and documentation to report annual farm income and expenses.
- Participation in risk management practices to secure income stability through the program.
- Adapting to structural changes in farm operations that impact financial margins.
grant_eligibility_criteria|zone
This grant is specifically for farmers in British Columbia as part of the Government of British Columbia's agricultural support programs. It aims to offer financial assistance to eligible farming businesses within this region.
- Farmers located in British Columbia, Canada.
grant_single_labels|register
Here are the steps to apply for the AgriStability 2024 program:
- Step 1: Confirm Eligibility
- Ensure your farm meets general eligibility requirements such as reporting farming income to the CRA and having completed a minimum of six consecutive months of farming activity.
- Check if your circumstances allow for any waivers on specific eligibility criteria.
- Step 2: Enrolment
- Receive an Enrolment Notice if you were a participant in the previous year.
- If you didn't participate last year, follow procedures established by the Administrator to enrol for the current year.
- Confirm your participation within 30 days of receiving the Enrolment Notice.
- Step 3: Pay Participant Contribution
- Calculate the participant contribution using the Contribution Reference Margin provided on the Enrolment Notice.
- Pay the calculated participant contribution by the deadline specified by the Administrator.
- Step 4: Submission of Program Forms
- Complete and submit Program Forms with all required documentation to the Administrator before the deadline.
- Ensure to include farming income and expense information, as well as inventories and receivables details.
- Step 5: Waiting for Calculation of Benefits
- After submission, await the Calculation of Program Benefits from the Administrator.
- Review any payments provided based on the decline of your Program Year Margin relative to the Reference Margin.
- Step 6: Appeal (if necessary)
- If you believe there has been an error in applying program rules, request a review or appeal by providing a written submission within 90 days of notification.
grant_single_labels|otherInfo
AgriStability is a program that provides whole farm protection by comparing a farm's current production to its historical production to assess income losses. The program requires participants to follow eligibility requirements, including tax reporting, and offers various payment structures, enrolment processes, and potential penalties for late submissions.
- Participants who provide false information may be denied payments and required to repay received payments.
- Interim payments can be requested if certain criteria are met, such as completing six months of farming activity.
- The program includes an Administrative Cost Share (ACS) of $55 per participant for each account.
- Structural Change adjustments may be applied if there are significant changes in a farming operation's potential for profit.
- Program payments are considered Farming Income for income tax purposes.
- A minimum payment of $250 is required for a Program Year for a participant to receive any payment.
- There is a maximum payment limit of three million dollars or 70% of the difference between the Reference Margin and the Program Year Margin for each participant.
- Participants must confirm participation within 30 days after receiving an Enrolment Notice.
- Participants must submit Program Forms within 6 to 9 months after the end of the Program Year.
- Late participation may be allowed under certain conditions set by Canada and the province or territory.
grant_single_labels|contact
AgriStability@gov.bc.ca
1-877-343-2767
Apply to this program
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