Do you know how the 2020 to 2022 National AgriStability Program changes to Reference Margin Limiting and the Treatment of private insurance proceeds impact your farm?

Producers and sectors which had low to moderate AgriStability eligible costs and corresponding limited reference margins, will benefit from higher reference margins and better coverage. Revenue trigger points vary significant by type of farm, but now with RRemoval of reference margin limiting (RML) removed, they are always less than 30 percent. Knowing this helps producers make better risk management decisions by including AgriStability as the cornerstone of their risk management plan

Proceeds from private insurance will no longer offset AgriStability payments, but they continue to be included in reference margins, helping to maximize payment potential. This means producers can potentially double up on coverage if they take AgriStability and private insurance. The change in treatment of

private insurance proceeds is something that producers should seriously consider when evaluating and determining their annual insurance risk management strategy.

The 2021 AgriStability Enrolment Deadline has been extended from April 30 to June 30, 2021 – and enrolment has been simplified for returning participants, who now you have a choice to base coverage on the past three years or a five¬year average. Watch a short video further explaining the AgriStability changes here.

AJ Gill is the Regional Leader for Agriculture Risk Management Services with MNP. AJ can help you determine the option that gives you the highest coverage. Contact AJ to enroll if you have either previously opted out of or never participated in the AgriStability Program. Contact AJ at 250¬469¬6488 or aj.gill@mnp.ca

The BC Ministry of Agriculture, Food and Fisheries (AFF) administers Agriculture Income Protection (Agristability) Find out more here.

Slips, trips and falls are a leading cause of injury in agricultural workplaces. A new series of safety awareness videos and a workplace knowledge quiz released by AgSafe address some common slipping, tripping and falling hazards and how to reduce the risk of injury.

Eliminating the hazard is always best, but not always possible. Employers and workers are reminded to regularly inspect surfaces and terrain, and to pay attention to other changes in the workplace that may create a safety hazard.

Find Out More here.

Benoit Fontaine, Chair of Chicken Farmers of Canada reviews the challenges and opportunities CFC has experienced since the start of covid-19 pandemic, including the impact on allocation, CPTPP mitigation, category 3 antimicrobial use, the Raised by a Canadian farmer brand, government relations and OFFSAP and animal care. Read CFC Letter to Stakeholders here.