Drought affected ag producers in Saskatchewan are in line to benefit from an increased AgriStability interim payment.
The federal and provincial governments have agreed to increase the 2021 payment percentage from 50 per cent to 75 per cent for Saskatchewan producers.
Producers who are in AgriStability can apply for 75 per cent of their estimated final 2021 benefit, before completing their program year, to help with their losses and cover costs.
The interim benefit is calculated based on the estimated margin decline or loss for the year compared to the farm’s reference margin.
The decline must be at least 30 per cent below the reference margin to access a payment. If a producer receives an interim benefit payment, they must still file all final program year forms and meet program requirements by the assigned deadlines.
Producers can apply through their local SCIC office, call AgriStability toll-free at 1-886-270-8450, or email: [email protected]