AAFC extends AgriStability deadline

Apr 27, 2020

Canadian farmers have until July 3 to enrol

By Diego Flammini
Staff Writer
Farms.com

Canadian farmers have more time to enrol in a federal business risk management program.

Agriculture and Agri-Food Canada (AAFC) announced it is extending the deadline for producers to enrol in the AgriStability program to July 3 without penalty.

The previous enrolment deadline was April 30.

The extension highlights the importance of the enrolment flexibility as federal, provincial and territorial governments needed to approve it.

Moving the deadline into July “will enable the program to help more farmers manage the impact of current market disruptions, increased expenses, and production challenges facing many farm operations,” AAFC said in its April 17 release.

About 51,000 Canadian farmers enrolled in the program in 2017, AAFC data from April 2019 indicates.

With the application extension in place, officials are urging farmers to think about signing up for the program.

“This extension will give more producers additional time to consider their risk management needs during this period of uncertainty,” David Marit, Saskatchewan’s minister of agriculture, said in an April 20 statement. “We understand the challenges the Saskatchewan agriculture industry is facing, and I encourage producers to consider the AgriStability program.”

Farms.com has reached out to Canadian farm organizations for comment on the enrolment extension.

Video: Did Bears Win Thanksgiving, Will Bulls Get Christmas?

Did the bears win Thanksgiving (although this week had green on the screen), and will the bulls get Christmas? Bears won thanksgiving thanks to a USDA Nov crop report dud that stalled the bullish grain momentum for a brief period. But a bullish lower yield surprise in the Dec crop report could reignite the rally.
2026 U.S. winter wheat planting is nearly complete at 97% while crop conditions improved by 3 points to 48% good-to-excellent. US corn & soybean harvest is complete.
High corn demand, which is off the chart, and more Chinese soybean demand could support a Christmas rally.
Nasdaq had it’s worst November since 2011.
A U.S. Fed rate cut in December will help fund flow and sentiment.
Bitcoin held a long-term support at 80,000 and that's positive for fund flow and sentiment. It should help stock prices and Ag as we go into December.
Fertilizer prices continue to climb as we look ahead to 2026. Farmers may rely more on the nutrients that they already have in their soils.
South American Weather remains critical as the soybean reproductive stage starts from late Nov to late Feb depending on planting date.
Will a Russia-Ukraine peace deal happen by year-end?
CFTC data as of showed more managed money fund sell-off as of October 14th.