Alberta producers are now able to sign up for AgriStability until the September 21 cutoff. The Alberta Government and Agri-Food Canada have reopened the program after recognizing that wildfires and extremely dry conditions have heavily impacted farmers and ranchers this season.
The AgriStability program is set to protect Canadian producers against large declines in farming income due to production loss, increased costs, and market conditions. The program is offered through the Sustainable Canadian Agricultural Partnership (Sustainable CAP), which is a shared commitment between federal, provincial, and territorial governments.
Minister of Agriculture and Irrigation RJ Sigurdson explains that the Government of Alberta has listened to the needs of the farmers and ranchers in the province and they are there to support the best that they can.
"We know they need support options to make it through this growing season. Allowing late participation in AgriStability will enable them to reassess their business risks and make an informed decision about signing up to protect their operations and livelihoods.”
Enrolling in AgriStability will provide producers with access to other credit options like the federal Advanced Payments Program, which offers low-cost cash advances to help them through this dry season.
AgriStability is one of the Business Risk Management programs under the Sustainable CAP. The Sustainable CAP is a five-year, $3.5-billion investment by federal, provincial, and territorial governments to strengthen competitiveness, innovation, and resiliency of the agriculture sector.
This includes $1 billion in federal programs and activities and a $2.5-billion commitment that is cost-shared 60 percent federally and 40 percent provincially/territorially for programs that are designed and delivered by provinces and territories.
For more information and to apply visit https://afsc.ca/
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