AgriStability — Ontario

• If your net farming income falls below 70% of your recent average (reference margin), AgriStability pays 80% of the difference between your actual income and the 70% threshold.
• The maximum payment available per program year is $3 million.
• All participants pay a fee of 0.45% of their fee reference margin, multiplied by 70% coverage level, plus an administrative cost of $55 (minimum total fee is $45).
• If payment deadlines are missed, a late fee of 20% is applied to the original fee.

• The applicant must operate a farm in Ontario.
• The applicant must complete a production cycle and at least six consecutive months of farming activity during the program year.
• The applicant must report farming income or loss to the Canada Revenue Agency, unless exempt under the federal Indian Act.

Who is eligible?

• Ontario-based farming businesses
• Producers of agricultural commodities

Eligible expenses

• Expenses directly related to the production of agricultural commodities, as reported on your tax forms.

Eligible geographic areas

• Ontario

• The maximum payment available under AgriStability per year is $3 million.
• A late payment will incur a 20% increase in the participant's fee, and coverage will be automatically renewed.
• Participants have access to an online AgriStability estimator tool to anticipate benefits and payment scenarios.
• Fees include a coverage-based percentage and an administrative fee, with a minimum total fee of $45.