AgriStability - Alberta

AgriStability is one program in a suite of business risk management programs that governments offer to help producers manage significant risks. Other programs in the suite include AgriInvest, AgriInsurance and AgriRecovery.

Agriculture Financial Services Corporation (AFSC)

Overview of the AgriStability - Alberta program:

AgriStability is one program in a suite of business risk management (BRM) programs that governments offer to help producers manage significant risks. Other programs in the suite include AgriInvest, AgriInsurance and AgriRecovery. The purpose of the AgriStability program is to provide Canadian agricultural producers with an ongoing whole-farm risk management tool that provides protection against large declines in farming income that threaten the viability of their farm and are beyond their capacity to manage.

Benefits of the AgriStability - Alberta program:

Whole farm protection AgriStability protects your farm income based on all of your
Unique coverage Your coverage is based on your own farm
Payments in times of financial distress Provides assistance to producers who experience margin declines greater than 30 percent due to production loss, adverse market conditions, and increased
Access to other credit options and programs AgriStability can give you access to credit options such as the Advance Payments Program (APP), which provides cash advances through various farm commodity
Affordable coverage AgriStability is a low-cost risk management program available to all

Eligibility criteria of the AgriStability - Alberta program:

Program Eligibility
In addition to meeting the 2023 Supplementary Forms submission deadline,
To be eligible for benefits for the 2023 program year, you must also have:
Submitted your 2023 Agristability fee by December 31, 2023;
Farmed in Canada and reported farm income (or loss) for income tax purposes for the 2023 program year;
2023 program year;
Completed a minimum of six consecutive months of farming activity, as well as a production cycle;
Submit a signed AgriStability Participant Declaration either in the current or prior year: this is a
A one-time declaration that does not have to be resubmitted yearly. However, the Client
Declaration renewal on the Supplementary Forms must be signed annually