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Better Farming Ontario Featured Articles

Better Farming Ontario magazine is published 11 times per year. After each edition is published, we share featured articles online.


AgriStability deadlines looming

Saturday, June 11, 2011

by BETTER FARMING STAFF

There are two deadlines coming up for individuals and corporations participating in the AgriStability program.

Individuals who have already met the April deadline to enroll in the program have to produce their tax form T1163 by June 15. They have until June 30 to submit AgriStability program forms. Corporations participating in the program have until June 30 to submit their statement A.

AgriStability, administered by Agricorp, is a federal-provincial program designed to protect producers from large declines in their farming income due to market conditions, production loss or increased costs of production.

The program compares your production margin (net income this year) to your reference margin (the average of your recent production margins). If your production margin falls below 85 per cent of your reference margin, you trigger an AgriStability payment.BF
 

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