Canada’s agriculture ministers have agreed to a significant upgrade to the AgriStability program, aimed at helping farmers better manage the growing risks tied to climate challenges and global trade uncertainty.
During a virtual meeting last week, federal, provincial, and territorial ministers committed to a one-year enhancement of the program for 2025. The compensation rate will rise from 80 per cent to 90 per cent, and the maximum payment cap will double from $3 million to $6 million. These changes are designed to provide stronger financial support to producers facing unpredictable conditions.
Minister of Agriculture and Agri-Food Canada, Heath MacDonald, says these changes to AgriStability are a direct response to the challenges farmers are facing.
“By improving the program’s support, we’re helping producers weather uncertainty and continue to grow high-quality food for Canadians and the world,” explains MacDonald.
The ministers also laid the groundwork for longer-term improvements. Starting in 2026, provinces and territories will have the option to adopt a new inventory valuation method for on-farm use. Additionally, they agreed to seek approval to include feed costs for rented pasture as eligible expenses under AgriStability. A broader review of allowable expenses is ongoing, with updates expected at the annual meeting in September.
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