This program is designed to protect your farm business's income during tough times. AgriStability ensures that your income remains stable even if your production margin declines. By using your actual financial information, it provides a safety net tailored to your specific needs.

Key Benefits:

• Income Protection: Stabilizes your income during downturns.
• Comprehensive Coverage: Includes all agricultural products except a few specific exclusions.
• Additional Financial Assistance: Access to Agri-Québec Plus for extra support.
• Higher Compensation: If you are also enrolled in the ASRA program, you'll receive the higher amount between ASRA and AgriStability payments.

Why Apply?

• Tailored Support: The program is based on your actual financial data.
• Ease of Qualification: If your business fits the criteria, you are likely to qualify.
• Government-Backed Security: Provides a reliable safety net, ensuring your business remains resilient.

Participating in this program can help you navigate financial uncertainties, ensuring your farm business remains profitable and sustainable.

Financing Details:

• Type of Financing: Repayable Sum (Loan)

• Repayment Terms:

  • Repayment options include floating rate with principal plus interest payments, floating rate with blended payments, and fixed rate with principal plus interest payments.
  • Amortization period of up to 15 years for repayment.

• Eligible Expenses:

  • Funds can be used for managing income declines caused by production loss, increased costs, or market conditions.
  • Eligible expenses include purchases made within the past 365 days before loan approval date for financing.

• Use of Funds:

  • Borrow up to $1,000,000 with specific allocations:
    • Up to $500,000 for equipment, leasehold improvements, intangible assets, and working capital.
    • Up to $150,000 specifically for intangible assets and working capital.

• Fees:

  • Document preparation fee of $175.
  • Application fee of $100.
  • No renewal fee for standalone loans.
  • One-time Federal Government registration fee of 2% of the loan amount.
  • 1.25% Administration Fee included in the interest rate.

This program helps protect your farm's income if you face a drop in production or increased costs. It is designed to stabilize your income based on your actual financial information.

You can receive financial support to manage significant income declines caused by production loss, higher costs, or market conditions. This support can cover a wide range of agricultural products, ensuring your business stays afloat during tough times.

The money you receive does not need to be paid back. Instead, it acts as a safety net to keep your business stable. If you also participate in the ASRA program, you will get the higher amount between the two programs, providing an extra layer of financial security.

To apply for the program, follow these steps:

1. Register Online:

• Visit the program's website.
• Create an account or log in if you already have one.

2. Complete the Application Form:

• Fill out the online application form with accurate business information.
• Ensure all required fields are completed.

3. Prepare Documentation:

• Gather necessary documents to support your application. These may include:
  • Financial statements (e.g., balance sheet, income statement)
  • Business plan
  • Tax returns
  • Proof of business registration
  • Identification documents

4. Submit Documentation:

• Upload the required documents to the online portal.
• Ensure all documents are clear and legible.

5. Review and Confirm:

• Review your application and attached documents.
• Confirm that all information is accurate and complete.

6. Submit Application:

• Submit your completed application through the online portal.
• You will receive a confirmation email once your application is submitted.

7. Follow Up:

• Monitor your email for any communication from the program administrators.
• Respond promptly to any requests for additional information or clarification.

8. Await Decision:

• The program administrators will review your application.
• You will be notified of the decision via email.

9. Accept Terms:

• If approved, review the terms and conditions of the program.
• Accept the terms to proceed with the program benefits.

10. Receive Funds:

• Upon acceptance, the funds will be disbursed according to the program guidelines.
• Use the funds as specified in your application to support your business.