
AgriStability program enhanced to better support B.C. farmers who lose crops
The provincial and federal governments have made changes to the program that provides financial support to B.C. farmers experiencing unexpected losses.
The AgriStability program has been enhanced for this year to increase the compensation rate from 80 to 90 per cent, by doubling the compensation cap from $3 million to $6 million, and by advancing interest-free payments to farmers for up to 75 per cent of their anticipated final claim.
“We raised concerns we have been hearing from farmers here in B.C. at a national level, and our advocacy is resulting in improvements to AgriStability so B.C. farmers can continue to produce high-quality local food. B.C. led the way on this initiative, making these very same changes to our program last year,” Lana Popham, B.C.’s Minister of Agriculture and Food, stated.
“It’s great to have the federal government partner with us this year to continue to support farmers.”