The federal and provincial government have agreed to increase AgriStability for Saskatchewan producers from 50 percent to 75 percent.
The move comes as many of the province’s producers are locked in the middle of a severe drought.
Federal Ag Minister Marie-Claude Bibeau says by unlocking more funds through interim payments, more cash can be delivered to the hands of farmers who are making tough decisions due to the drought.
“We will continue to support farm families to get them through the challenges we face today, and position them for a sustainable future, since we know climate change will continue to pose challenges.
Provincial Ag Minister David Marit says the increase will allow producers to access a larger portion of their AgriStability early.
The interim benefit is calculated based on the estimated margin decline or loss for the year compared to the farming operation’s reference margin. The decline must be at least 30 per cent below the reference margin to access a payment. If a producer receives an interim benefit payment, they must still file all final program year forms and meet program requirements by the assigned deadlines.
To apply for an interim benefit, producers can contact their local SCIC office, call the AgriStability Call Centre toll-free at 1-886-270-8450, or email [email protected].