April 22, 2019 | Updated: May 3, 2019
Farmers can focus on their farm businesses knowing their margins are protected by
AgriStability is a low-cost risk management tool available to all producers. It covers large declines in net income caused by production loss, increased costs or market conditions. If a producer’s margin falls below 70 per cent of their recent average, AgriStability helps to offset the difference.
AgriStability has been a vital lifeline for Ontario farm businesses in times of disaster. According to Agricorp’s annual customer survey, a majority of customers agree that AgriStability is vital in helping stabilize their income despite risks beyond their control.
Here are some recent examples of how it helped customers:
When grape growers faced a
long, cold winter in 2015 that led to low yields, AgriStability paid one in four grape growers.
When farmers faced
falling livestock market prices in 2015 and 2016, AgriStability paid them $80 million.
When field crop farmers faced
extremely dry weather in Haldimand County in 2016, AgriStability paid them double the average payment in recent years.
When growers faced
rising costs for greenhouse operations between 2015 and 2017, AgriStability paid each eligible customer an average of $250,000 per year.
How to enrol for 2019
Ontario farmers still have time to apply for or renew their AgriStability coverage.
Existing customers have received their renewal packages, which include current coverage details. To renew, simply review the documents, inform Agricorp of any changes, and pay the fee by the due date on the invoice.
Farmers who are new to AgriStability can complete a
New Participant Form by July 2*. The form is available on agricorp.com or by calling Agricorp. Once producers are signed up for AgriStability, they will automatically receive a renewal package in future years; they don't need to sign up again.
For more information about AgriStability, visit
agricorp.com or read the
Still have questions? Give Agricorp a call. AgriStability specialists are here to help.
*For 2019, the AgriStability enrolment date is extended from April 30 to July 2. Farmers can enrol in AgriStability until July 2 without any additional fees or penalties. See more details in
Farmers have more time to enrol in AgriStability.