Monday, Saskatchewan Agriculture Minister David Marit announced the AgriStability enrollment deadline for the 2020 program year has been extended without penalty to July 3, 2020.
This step, agreed to by federal, provincial and territorial governments will help producers manage the impact of current market disruptions, increased expenses and production challenges facing many farm operations.
鈥淭his extension will give producers additional time to consider their risk management needs during this period of uncertainty,鈥� Marit said.聽 鈥淲e understand the challenges the Saskatchewan agriculture industry is facing and I encourage producers to consider the AgriStability Program.鈥�
AgriStability is a low-cost risk management program offering financial assistance to producers who experience large margin declines due to any combination of production loss, adverse market conditions or increased costs.聽 Coverage is personalized for each farm by using historical data to calculate a program year margin and a reference margin.
To assist with cash flow and financial stability, participants in the AgriStability Program can apply for an interim benefit.聽 Through an interim benefit, producers receive a portion of their AgriStability benefit early to help support losses and cover costs before completing their fiscal year.
Enrolling in the AgriStability Program is easy.聽 Saskatchewan producers can provide all the necessary information over the phone through a brief conversation.聽 Producers can also complete the short contact form to begin the application process and request a call back from AgriStability staff.
The contact form is available at聽. SCIC AgriStability staff are available to assist producers over the phone at 1-866-270-8450 or through email at聽[email protected], Monday to Friday, 8 a.m. to 5 p.m.
