Canadian farmers have three extra months to enrol in the AgriStability program as they continue to navigate trade disruptions, the federal government announced on Friday.
The federal and provincial governments extended the deadline to July 31 from April 30.
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AgriStability is a business risk management designed to cushion producers against large income declines.
“Farmers experiencing losses are encouraged to apply for interim payments under AgriStability for more rapid support,” said a federal news release.
In March, in response to China’s tariffs on Canadian peas, canola oil and meal, pork and seafood, Agriculture Minister Kody Blois increased the AgriStability compensation rate to 90 per cent from 80 per cent and doubled the $3-million payment cap for the 2025 year.
Two thirds of provinces must approve the changes for them to go into effect.
