This program is designed for businesses like yours, providing vital protection against significant drops in farming income. Whether due to production loss, increased costs, or market conditions, AgriStability ensures your whole farm's income is safeguarded.

Why Apply?

• Increased Compensation Rate: Now at 80%, up from 70%, meaning more support for the same affordable fee.
• Interim Payments: Receive up to 50% of your estimated final payment to boost cash flow when you need it most.
• Comprehensive Coverage: Your allowable income and expenses for all commodities are used to calculate your margins, offering robust protection.

Benefits:

• Government-Backed Financing: Shared costs between federal and provincial governments ensure stability.
• Ease of Qualification: Designed to be accessible, making it straightforward for your business to qualify.

By joining this program, you can secure your business's financial future, ensuring you have the support needed during challenging times.

Type of Financing:

• Grant: AgriStability offers a grant to help manage significant income declines due to various factors affecting farming income.

Repayment Terms and Interest Rates:

• No repayment required for the grant received through AgriStability.
• No interest rates apply to the grant funds.

Eligible Expenses:

• The grant can be used towards covering expenses related to production loss, increased costs, or market conditions affecting farming income.

Ineligible Expenses:

• The grant funds cannot be used for personal expenses unrelated to the farming business or for non-farming investments.

Fees:

• There are no fees associated with receiving the grant through AgriStability.

AgriStability is a program designed to help your business manage large drops in income. These drops can be due to production loss, increased costs, or changes in the market.

You can receive up to 80% compensation for these income declines. This means more support for your business at the same affordable fee. The program covers all the commodities you produce, protecting your entire farm's income.

If your income has dropped significantly, you can apply for an interim payment. This provides 50% of your estimated final payment to help with cash flow when you need it most. The costs of the program are shared by the federal and provincial governments, making it a reliable support system for your business.

To apply for the program, follow these steps:

1. Gather Required Documentation: Prepare the necessary documents to support your application. You will need:

• Financial statements for the past three years
• Income tax returns for the past three years
• A detailed business plan
• Proof of farming income and expenses
• Any other relevant financial records

2. Complete the Application Form: Fill out the application form available on the program's website. Ensure all sections are completed accurately.

3. Submit the Application: Submit your completed application form along with the required documentation. This can be done online through the program's portal or by mail, depending on the submission guidelines provided.

4. Pay the Application Fee: Pay the required fee as outlined in the program details. This fee is necessary to process your application.

5. Await Confirmation: After submission, you will receive a confirmation that your application has been received. This may include a reference number for tracking purposes.

6. Review and Follow-Up: The program administrators will review your application. Be prepared to provide additional information or clarification if requested.

7. Receive Decision: Once your application is reviewed, you will be notified of the decision. If approved, you will receive details on the next steps and how to access the program benefits.

By following these steps, you can successfully apply for the program and take advantage of the support it offers to your business.