AgriStability — Saskatchewan
SK, Canada
Insurance to protect farming operations
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|closingDateSeptember 30, 2024
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
grant_single|grantors
- Government of Saskatchewan
- Saskatchewan Crop Insurance Corporation (SCIC)
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|terms_and_conditions
This grant offers financial support to farm operations in Saskatchewan to manage risk arising from unforeseen economic challenges. The support is designed to cover large declines in farm margins due to production losses or increased operational costs.
- Coverage is personalized for each farm operation based on historical financial information.
- The program calculates benefits by assessing margin declines against historical averages, considering income and cost structures.
- Benefit payments are processed and delivered timely to assist producers facing immediate financial hardships.
- Participants pay program fees, which are factored into the overall financial support framework.
grant_single_labels|projects
grant_single|admissibleProjectsExample
$ 45,000
Restoration of vegetable farm after severe flooding damages
$ 50,000
Adaptation to market conditions for organic grain farm
$ 40,000
Mitigation of production losses in dairy farm due to increased feed costs
$ 35,000
Mitigation strategies for a poultry farm facing increased operational costs
$ 45,000
Cost management for wheat farm to address rising input costs
$ 50,000
Enhancing resilience of an orchard facing climatic challenges
grant_single_labels|admissibility
Eligibility for the AgriStability program is determined by specific criteria related to the applicant's farming activities and financial standing.
- The applicant must operate a farm in Saskatchewan, Canada.
- The applicant's farm must demonstrate large margin declines due to production loss, increased costs, or adverse market conditions.
- The eligibility is personalized using the applicant's historical income tax information and supplementary data.
- Applicants must enrol in the program by contacting the SCIC AgriStability Call Centre and requesting a participant package by the enrolment/fee deadline for the program year they wish to participate in.
grant_eligibility_criteria|who_can_apply
This program specifically targets farm operations in Saskatchewan seeking support for managing risks associated with significant margin declines due to production loss, increased costs, or market conditions. It is designed to benefit those who rely on agricultural income.
- Farm operations with historical data demonstrating agricultural income.
- Participants who have the necessary income tax and supplementary historical information to determine personalized coverage.
grant_eligibility_criteria|eligible_expenses
Yes, there are eligible expenses for this grant.
- Agricultural commodity purchases
- AgriInsurance premiums
- Commissions and levies (related to commodity sales)
- Commodity future losses/transaction fees
- Containers and twine
- Custom feeding*
- Electricity
- Fertilizer and lime
- Freight and shipping (to and from market)
- Heating fuel
- Machinery (gasoline, diesel fuel, oil)
- Minerals and Salts
- Other insurance/premiums for allowable income and expense items
- Pesticides
- Point of sale adjustments
- Prepared feed
- Salaries (arms length as defined by CRA)
- Storage/drying
- Veterinary fees, medicine, breeding fees
grant_eligibility_criteria|zone
This program is primarily designed for farm operations and producers within Saskatchewan. As a provincial initiative, it targets agricultural stakeholders located in this region to enhance risk management specific to local conditions and challenges.
- Farm and agricultural operations based in Saskatchewan, Canada.
grant_single_labels|register
Here are the steps to apply for the AgriStability grant:
- Step 1: Enroll in AgriStability
- Contact the SCIC AgriStability Call Centre.
- Request a new participant package by the Enrolment/Fee Deadline of the program year in which you wish to participate.
- Step 2: Prepare Necessary Information
- Gather historical information related to your farm operation based on income tax and supplementary information.
- Ensure your tax information is accurate and up to date.
- Step 3: Complete AgriStability Program Forms
- Fill out the required program forms accurately.
- Include all necessary details pertaining to your farm's margins, benefits, and incurred costs.
- Step 4: Submit Application
- Submit the completed forms to SCIC by the program deadline.
- Ensure submission is completed by September 30, 2024, for the 2023 program year to avoid penalties.
- Step 5: Confirmation
- Receive confirmation from SCIC regarding the receipt of your application.
- Keep the confirmation for your records.
grant_single_labels|otherInfo
AgriStability provides personalized coverage based on individual farm operations' historical information, aiming to support those facing significant margin declines. Structural changes, combining operations, and participation in other related programs can impact benefit calculations and eligibility.
- Participants need to report income from agricultural commodities and must farm in Canada for at least six consecutive months in the program year.
- Deadline for submitting forms without penalty will change to June 30, 2025, starting from the 2024 program year.
- Participating entities must submit income and expense information directly to SCIC, either through AgConnect or specific forms.
- AgriStability adjusts program margins using supplemental information to provide an accurate financial view of the farming operation.
- Allowable income includes agricultural commodity sales, crop insurance proceeds, and CFIA payments, among others.
- Allowable expenses cover agricultural purchases, insurance premiums, and machinery fuel costs, among others.
- Structural changes in farm operations are considered for accurate benefit calculation.
- Operations are combined if they are not legally, financially, or operationally independent.
- Non-participation in Crop Insurance can lead to benefit reductions under specific circumstances.
- Additional information must be provided within the required time frame upon SCIC's request.
- Amendments to benefit calculations can be submitted within 18 months from the date of the original Calculation of Benefits.
- Appeals must be submitted within 90 days of the decision notification and can be reviewed by an independent Provincial Appeal Panel.
grant_single_labels|contact
agristability@scic.ca
1.866.270.8450
Apply to this program
Supporting Saskatchewan Farmers with AgriStability
AgriStability is a vital Business Risk Management program tailored to aid Saskatchewan farmers in mitigating the challenges associated with significant margin declines, whether due to production loss or market turmoil. The program provides personalized coverage based on historical financial data, ensuring that farm operations have a safety net during economic uncertainties.
Ensuring Financial Stability Through AgriStability
AgriStability is engineered as a crucial fiscal safeguard for farmers in Saskatchewan, particularly against the unpredictable variables of weather, market movements, and input costs. It plays a pivotal role in the landscape of agricultural risk management by delivering financial assistance to farmers suffering from sizable reductions in their operating margins—primarily due to unforeseen production losses, escalated costs, or fluctuating market conditions.
The program is individually tailored to suit each farm operation, leveraging historical data such as income tax returns and supplementary financial information to determine personalized coverage. This tailoring means that each participating farm receives support proportionate to their historical financial performance, providing a more accurate and potentially more effective safety net during downturns.
AgriStability requires participants to submit their program forms, initially by September 30, which historically clashed with the peak of the harvest season. Acknowledging the logistical and timing challenges, AgriStability administrators have shifted the deadline to June 30, beginning in 2025, thus aligning better with the tax filing period. This change allows farmers to coordinate their submissions more effectively and ensures swifter processing and distribution of any owed financial assistance. Such timely payouts can be crucial for producers recovering from adverse events.
As the program looks toward the future, maintaining flexibility and responsiveness to farmers’ needs remains a central goal. This is evident in the program’s evolving structure, which seeks to address the timely needs of producers while adapting to the feedback received from its participants. This adaptability ensures that AgriStability remains a key component of a farmer's risk management toolkit, ready to provide the necessary financial backing when it is most needed.
Furthermore, the enrolment process maintains a simplicity aimed at inclusion and accessibility. Farmers can easily enroll by contacting the AgriStability Call Centre and requesting a new participant package by the enrolment or fee deadline of their designated program year. This straightforward approach ensures that the barrier to entry remains low, allowing a diverse range of farm operations to benefit from the financial protection offered by the program.
In summary, AgriStability embodies a form of assurance for Saskatchewan farmers, providing a shield against economic variabilities that could otherwise destabilize their operations. By combining tailored financial coverage with adaptive policy amendments, AgriStability remains a cornerstone of support, ensuring that agricultural enterprises have the risk management tools they need to overcome fiscal hardships and continue contributing robustly to the Saskatchewan economy.
