AgriStability — Saskatchewan

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.

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.

Who is eligible?

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.

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

Eligible geographic areas

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.

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.