Enrolling in the Program
Like insurance for your house or car, you sign up before something goes wrong. With AgriStability you pay your fee by April 30, before most production years begin. You can then go about your regular business, knowing AgriStability will help in the event the unexpected happens.
Participating In AgriStability
To be eligible to participate in the AgriStability Program, you must derive income from the primary production of agricultural commodities, provided in the program year you have:
- carried on the business of farming in Canada
- reported farming income (or loss) for income tax purposes
- completed a minimum of six consecutive months of farming activity
- completed a production cycle
- submitted the required information by the deadlines
For AgriStability purposes, new producers are those who have farmed for less than three years. If you are a beginning farmer, you are eligible to participate as long as you have had six consecutive months of farming activity and have completed a production cycle in the program year.
How to Apply
For new producers, applying for AgriStability is as simple as calling the SCIC AgriStability Call Centre and requesting a new participant package. The request must be made by the Enrolment/Fee April 30 deadline for the program year in which they wish to participate.
Once a producer is enrolled in the AgriStability Program, he/she will annually receive an Enrolment/Fee Notice. The Enrolment/Fee Notice identifies the program fee and Administrative Cost Share (ACS) fee. The producer must pay the program fee and ACS fee by the required deadline to be eligible for benefits.
All producers participating in AgriStability must complete and submit a Participant Initial Declaration. The Participant Initial Declaration explains the rights and responsibilities of producers participating in AgriStability. The Participant Initial Declaration only needs to be submitted once. It must be signed and returned to SCIC by all producers participating in AgriStability and/or their official signing officers.