agristability & agriinvest

 

Agristability: provides support when producers experience a large margin decline

Changes taking effect for the 2018 program year:

  • The Reference Margin Line (RML) will now guarantee all producers at least 70% of their Reference Margin. This change will ensure producers from all sectors will have improved access to support under the program, regardless of their cost-structure
  • Late enrollment is now being accepted. Producers are able to enter the program late in situations where there is a significant income decline and a gap in participation. Producers will be subject to a 20% reduction therefore regular annual enrollment is still encouraged
  • Minimum payment will be adjusted to $250.00
  • Applicants must provide 3 years of history when applying for the AgriStability program. This has decreased from the 5 years required previously.
  • Deadlines to be aware of:
    • Deadline for Interim Application Deadline: March 31st, 2018

    • Enrolment, Cancelation, & Program Fees Deadline April 30th, 2018

    • Program Forms Deadline (without penalty) September 30th, 2018

    • Program Forms & Program Fee Deadline (with penalty) December 31st, 2018

 
AgriInvest: provides cash flow to help producers manage income declines

Changes taking effect for the 2018 program year:

  • The maximum Allowable Net Sales (ANS) eligible under AgriInvest will be reduced to $1 million. down from $1.5 million
  • The annual government matching contributions will be limited to $10,000.00 per AgriInvest account, down from $15,000.00
  • The minimum payment will be adjusted from $75.00 to $250.00

Shane Lacasse, CPA, CA, and Partner with Stark & Marsh comments “Ultimately, the allocation of government funds available to address agricultural risk has been partially transitioned from the AgriInvest program to the AgriStability program.  While AgriInvest remains an important risk mitigation tool for our Clients, producers might find more value in taking part in the AgriStability program given the recent changes.  I would encourage you to get in touch with your Stark & Marsh advisor to discuss your personal situation and determine whether the AgriStability program may be well-suited to your circumstances again.”

Questions? Please contact your trusted Stark & Marsh advisor. Visit our Contact page for the telephone number of your local office.

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