Nova Scotia farmers affected by this year’s extreme weather events can still receive assistance under the AgriStability program, even if they did not previously enrol.
AgriStability supports farmers experiencing a large decline in farm income by providing protection for income losses of more than 30 per cent.
“Nova Scotia's agricultural businesses have faced real challenges due to several extreme weather events this year. That’s why we are working with the Government of Canada to help the agriculture sector,” said agriculture minister Greg Morrow. “We are giving farmers who need income support more opportunity to get it, if their incomes have dropped sharply due to damaging rains, extreme heat, wildfires or other conditions.”
Farmers who did not previously enrol in AgriStability for 2023 can now participate in the program as late participants until December 31, 2024.
AgriStability is one of the business risk management programs offered under the Sustainable Canadian Agricultural Partnership (Sustainable CAP). The program is cost-shared 60 per cent federally and 40 per cent provincially/territorially.
Source: Nova Scotia Ministry of Agriculture September 8, 2023 news release