The program fee is $4.50 for every $1,000 of covered Contribution Reference Margin, multiplied by 70 per cent. This works out to be $315 for every $100,000 of reference margin. A $55 fee is also applied to help cover administrative costs.
The contact person will be the first point of contact for SCIC. In naming a contact person, the producer authorizes that person to receive, provide or make changes to AgriStability information on his/her behalf. When SCIC requires additional information, we will contact the listed contact person(s) prior to contacting the participant. Written correspondence may be sent to both the participant and the contact person(s).
Once enrolled, a producer’s AgriStability coverage will continue until it is cancelled. Each year an Enrolment/Fee Notice is sent to all participating producers. If the producer does not want to participate, he/she must return the Enrolment/Fee Notice with the cancel participation option selected, by the stated deadline. If that date is missed, the producer’s coverage will be considered active for the year and the program fees will need to be paid.
SCIC also provides a Cancel Participation Form on its website. Producers can use this form and notify SCIC by the applicable deadline if they wish to cancel their enrolment.