AgriStability is a program designed to stabilize the annual income of farm operations. It is based on a participating operation's actual financial information and covers multiple risks for all agricultural products. As for the Farm Income Stabilization Insurance (ASRA) program, it is based on each insured product and covers economic loss due to a price drop or an increase in production costs, using collective data established for all of Québec. Special terms apply to operations that participate in both AgriStability and ASRA.

Calculation of payments

AgriStability, which has replaced the Canadian Agricultural Income Stabilization (CAIS) program, provides the front-line intervention, while the ASRA program acts as a companion program. AgriStability covers losses to the operation beyond those guaranteed by ASRA.

Participating operations in the AgriStability program who are also covered by ASRA will receive the higher amount between the government contributions under ASRA and the payment calculated for the AgriStability program.

Terms of payment

La Financière agricole will continue to pay full compensation under ASRA, according to the regular payment schedule, up to the amount due through the AgriStability benefits. La Financière agricole will also deduct, from any ASRA compensation, any amount equal to the AgriStability payment. The AgriStability payment is used to reimburse ASRA compensation that was overpaid. Any balance owing through AgriStability will automatically be paid to the participating operation.

Important Notice

ASRA compensation for operations that do not participate in AgriStability will be reduced by 40%. The reduction represents an estimate of the amount it could have received from AgriStability if it had participated in it.