Federal government proposes changes to AgriStability

The federal government presented its proposal for changes to the AgriStability business risk management program at the November 27, 2020 federal-provincial-territorial agriculture ministers’ meeting.


In a late afternoon news conference, Hon. Marie-Claude Bibeau said the federal government is proposing to remove the reference margin limit and to increase compensation from 70 to 80 per cent. The federal government is adamant about maintaining the 60/40 cost-sharing agreement with the provinces. 


Ontario’s ag minister, Ernie Hardeman, co-host of the meeting, said, “Today is the first time that the federal government has made a concrete proposal, laid their cards on the table and asked if the provinces want to play. In fairness, each province has to assess the impact on their respective producers and treasuries. As we discovered today, the impact is drastically different for each province.”


The federal minister says, “I am hopeful of reaching a consensus. The best-case scenario would be to come to agreement and make this retroactive for the 2020 year.” 


For changes to be made to the AgriStability program, consensus requires two-thirds of the provinces and two-thirds of the program usage. 


An official communiqué is expected in the hours ahead.


Source:  Agriculture and Agri-Food Canada November 27, 2020 4:30 pm news conference 





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Friday, November 27, 2020

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