AgriStability — Québec
QC, Canada
Insurance to protect farming operations
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
grant_single|grantors
- Gouvernement du Québec
- La Financière agricole (FADQ)
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
This program is specific to agricultural businesses operating within the province of Quebec, Canada. It serves to support local farmers and stabilize farm income within this geographical area.
- Businesses situated in Quebec, Canada.
grant_single|admissibleProjectsExample
$75,000
Developing a farm management system to monitor and reduce production costs
$300,000
Upgrading farm machinery to improve the efficiency of crop production
$225,000
Constructing a cold storage facility to preserve harvested produce
$250,000
Implementing a greenhouse facility to extend the growing season of organic vegetables
$110,000
Implementing an irrigation system to conserve water on a crop farm
$220,000
Installing solar panels to reduce energy costs on a dairy farm
grant_single_labels|admissibility
The eligibility criteria for the AgriStability program are based on the type of agricultural operations and their location.
- Applicants must be involved in farming activities within Canada.
- Applicants' agricultural products must not include forestry products, aquaculture products, racehorses, peat moss, cannabis, or wild animals in their natural environment.
- Income generated must not be from the resale of products not originating from the operation's farm business.
- Businesses carrying on farming activities outside of Canada are not eligible.
grant_eligibility_criteria|who_can_apply
The AgriStability program is available for farm businesses within Québec that experience a decline in their production margin. It covers a wide range of agricultural products except specific categories, such as forestry products, aquaculture, racehorses, peat moss, cannabis, wild animals in their natural habitat, and resale products not originating from the farm business. Moreover, income from farming activities conducted outside Canada is not covered. Furthermore, businesses participating in both AgriStability and the ASRA program benefit from receiving the higher payment calculated under both programs, with some conditional restrictions on the ASRA program based on AgriStability participation.
grant_eligibility_criteria|who_cannot_apply
This grant outlines specific types of companies and industries that are not eligible based on the nature of their activities. These restrictions ensure that the assistance supports agricultural operations directly involved in farming within Canada.
- Companies involved in forestry product production.
- Aquaculture-related businesses.
- Racehorse industries.
- Peat moss production companies.
- Businesses involved in cannabis production.
- Operations dealing with wild animals in their natural environment.
- Entities engaged in the resale of products not originating from their own farm operations.
- Companies generating income from farming activities conducted outside of Canada.
grant_eligibility_criteria|eligible_expenses
The AgriStability program provides essential financial protection to Canadian farm businesses by stabilizing their income in the face of declining production margins. While the context does not list specific eligible projects or activities, the focus of the program is to safeguard the overall income of farm operations affected by income variability.
grant_single_labels|criteria
AgriStability provides front-line intervention to protect farm income based on actual financial information. The program stabilizes income in the event of a decline in production margin.
- Farm business must have actual financial information
- Stabilizes income in case of decline in production margin
- Participation in AgriStability may result in additional financial assistance with Agri-Québec Plus program
- Special terms apply for businesses participating in both AgriStability and ASRA
- Compensation under ASRA may be reduced by 40% for businesses not participating in AgriStability
grant_single_labels|register
- Step 1: Preliminary Registration
- Visit La Financière agricole du Québec's official website.
- Create an account on the online portal if you don't have one.
- Log in to your account to access application forms.
- Step 2: Eligibility Verification
- Ensure your agricultural products and income activities qualify under the AgriStability program guidelines.
- Review any specific terms if also participating in ASRA.
- Step 3: Prepare Financial Information
- Compile your actual financial records demonstrating your production margin.
- Ensure all financial documents meet the program's requirements.
- Step 4: Complete the AgriStability Application
- Fill out the application form available on the portal.
- Provide detailed information about your farm business and financial data.
- Step 5: Submit Application
- Review your application for completeness and accuracy.
- Submit the completed application through the online portal before the deadline.
- Step 6: Confirmation of Submission
- Receive a confirmation email or notification from the portal upon successful submission.
- Keep a record of your application and confirmation for future reference.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- Businesses using both AgriStability and ASRA will receive the higher compensation amount calculated between the two programs.
- ASRA compensation is reduced by 40% for businesses not participating in AgriStability.
Apply to this program
Stabilize Your Farm's Income with AgriStability
AgriStability is a crucial program designed to support agricultural businesses by stabilizing their income during periods of declining production margins. By utilizing the actual financial data of your farming operation, this program acts as a financial safety net, ensuring continuity and resilience in challenging economic times.
Understanding AgriStability's Role in Farm Income Protection
AgriStability is at the forefront of income protection for Canadian agricultural businesses, providing vital support to bridge income gaps caused by production-margin declines. Designed specifically to address the volatility and unpredictability in the farming industry, AgriStability helps farmers maintain financial health and operational stability. By leveraging the program, participating farmers can mitigate the risk of financial downturns caused by uncontrollable variables such as adverse weather conditions, market fluctuations, or unforeseen economic disruptions.
One of the standout features of the AgriStability program is its comprehensive coverage, which includes all agricultural products except specific exclusions like forestry products, aquaculture, and certain non-Canadian farming activities. This broad coverage ensures that farmers involved in a wide range of agricultural sectors can rely on AgriStability for financial support. However, farmers involved in the excluded sectors must seek alternative programs tailored to their specific needs.
Participants in AgriStability benefit from its alignment with other financial assistance programs, such as Agri-Québec Plus. This integration allows farmers to maximize the financial support available and tailor it to their unique business circumstances. Moreover, businesses that participate in both AgriStability and the Farm Income Stabilization Insurance (ASRA) receive enhanced benefits, as these programs work symbiotically to provide a more robust safety net, ensuring that coverage is comprehensive and adequately compensates for losses exceeding ASRA guarantees.
Furthermore, the AgriStability program's design is farmer-centric, emphasizing ease of access and participation. Farmers can engage with the program using clear and straightforward application processes, minimizing the administrative burden often associated with financial aid applications. This accessibility ensures that essential financial support is within reach for all eligible farm businesses, thus promoting inclusivity and equitable assistance distribution across the sector.
The economic impact of AgriStability extends beyond the individual farm level, contributing to the overall stability of the Canadian agricultural sector. By safeguarding farmers' income, the program indirectly supports related industries such as supply chains, retailers, and local economies dependent on agricultural output. This ripple effect underpins the strategic importance of programs like AgriStability in maintaining the vibrancy and sustainability of rural communities.
In conclusion, AgriStability is a cornerstone of financial resilience for Canadian farmers, offering an essential buffer against the inherent risks and uncertainties of agricultural production. By participating in AgriStability, farmers not only secure their business's financial well-being but also contribute to the broader objective of sustaining a robust agricultural sector that remains vital to Canada's economy. As such, AgriStability represents a strategic investment in the future of Canadian agriculture, promising to uphold its resilience in the face of environmental and economic challenges.
