B.C. upping compensation for farmers experiencing unexpected losses
- B.C., with the federal government's support, is expanding the AgriStability program to help farmers during low-profit years and extreme weather events.
- The program will raise compensation payments from 80 cents to 90 cents per dollar of lost income and double the compensation cap from $3 million to $6 million.
- Farmers can access interest-free payment advances for up to 75 percent of their final claim under the new changes.
- These changes took effect on July 25, following an agreement by federal, provincial, and territorial agriculture ministers.
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Leaning Left2Leaning Right0Center0Last UpdatedBias Distribution100% Left
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- 100% of the sources lean Left
100% Left
L 100%
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