Ontario Increasing Provincial Support to AgriStability Program
The Government of Ontario is taking leadership by announcing a provincial enhancement to the key farm support program AgriStability and calling on the federal government to contribute their share.
Ontario supported the federal government proposal put forward in November to enhance the AgriStability program by removing the Reference Margin Limit (RML) and increasing the compensation rate from 70 per cent to 80 per cent. In March, federal, provincial and territorial ministers agreed to the RML removal but have not reached agreement on the compensation rate.
In a proactive move to support Ontario farmers, the province has made the decision to move ahead with providing the provincial portion of the compensation rate increase, retroactive to the 2020 growing season
The enhancements to the AgriStability program will help to ensure farmers can access additional support when they needed it in a severe or disaster event. Farm business risk management programs play a vital role in the long-term competitiveness of Ontario’s agricultural sector and its capacity to maintain our food supply.
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