The Canadian government has extended the 2022 AgriStability enrolment deadline from April 30 to June 30, 2022, giving farmers more time to sign up for the program.
According to the release, this step was agreed up by the federal, provincial, and territorial governments to help farmers manage the impact of challenges related to production loss, disease outbreak, increased costs and changing market conditions.
With the removal of the reference margin limit, producers are encouraged to review the program to see if AgriStability works on their operation.
AgriStability is one of the business risk management programs available under the Canadian Agricultural Partnership. The margin-based program is designed to help producers manage large income declines. More information is available on the AgriStability website.