News

AgriStability Enrolment Deadline Extended
May 02, 2019

 
Agristability: provides support when producers experience a large margin decline
  • The Reference Margin Limit (RML) will now guarantee all producers at least 70% of their conventional 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:
    • March 31st, 2019: Deadline for Interim Application Deadline
    • July 2nd, 2019: Deadline to request a New Participant Package, deadline to cancel participation in the program year, deadline to pay your program fee without penalty
    • September 30th, 2019: Program Forms Deadline (without penalty)
    • December 31st, 2019: Program Forms & Program Fee Deadline (with penalty)

AgriInvest: provides cash flow to help producers manage income declines
  • 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

Questions? Please contact your trusted Stark & Marsh advisor to discuss your personal situation and determine whether the AgriStability program may be well-suited to your circumstances. Visit our Contact page for the telephone number of your local office.

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