B.C. upping compensation for farmers experiencing unexpected losses

B.C. upping compensation for farmers experiencing unexpected losses

AgriStability program's compensation cap will be doubled, per cent of loss covered will increase

Canada, B.C. boost program covering losses for farmers : My Comox Valley Now

The federal and B.C. governments are making changes this year to a program that helps farmers manage large income losses. The changes to the AgriStability program follow a virtual meeting last week of federal, provincial and territorial agriculture ministers. A joint statement released Friday said the changes address international trade concerns and will help many B.C. farmers who have faced income losses due to extreme weather and other challen…

OFA supports new improvements to AgriStability program, offering higher payouts and caps to support farmers

Federal, provincial, and territorial agriculture ministers have agreed on significant enhancements to the AgriStability program’s support for farmers. Starting with the upcoming program year, AgriStability will cover a greater share of farmers’ income losses – raising its compensation rate from 80% to 90% – and double the maximum payout cap from $3 million to $6 million. These changes mean farmers will get more money back when they face a steep …

B.C., Canada strengthen support for farmers dealing with unexpected losses

The governments of B.C. and Canada are making changes to the AgriStability program to provide more financial support to B.C. farmers, following a virtual meeting of the federal, provincial and territorial ministers of agriculture.