News Business Management
AgriStability looks to help Alberta producers impacted by wildfires and drought

The AgriStability program has reopened for late participation so producers affected by wildfires and drought can consider enrolling to manage business risks.

Alberta producers can sign up for AgriStability until Sept. 29. The Government of Alberta and Agriculture and Agri-Food Canada have reopened the program recognizing that wildfires and extremely dry conditions have affected many farmers and ranchers since the April 30, 2023, enrolment deadline. This gives affected producers more time to review and manage the business risks associated with these challenging situations.

AgriStability protects Canadian producers against large declines in farming income due to production loss, increased costs and market conditions. The program is offered through the Sustainable Canadian Agricultural Partnership (Sustainable CAP), which is a shared commitment between federal, provincial and territorial governments.

“This has been a challenging year for many Alberta producers as they deal with the impacts of wildfires and now dry conditions,” says Darryl Kay, chief executive officer, Agriculture Financial Services Corporation (AFSC). “AFSC is proud of its role in Alberta’s agriculture industry, and we are working to ensure our producers receive the help they need.”

In Alberta, producers sign up for AgriStability and access benefits through Agriculture Financial Services Corporation. Alberta farmers and ranchers are encouraged to sign up for late participation if they believe they have experienced a significant loss. Factors such as reduced income, increased expenses or reduced inventory are used to determine a potential benefit.

Visit agriculture.canada.ca/en/programs/agristability for more information.