Following a virtual meeting of Federal, Provincial and Territorial (FPT) Ministers of Agriculture, Federal Minister of Agriculture and Agri-Food Heath MacDonald and Saskatchewan Minister of Agriculture Daryl Harrison announced Saskatchewan producers will see changes to AgriStability for the 2025 program year.
"Now is the time for unity, and we are working together to deliver for producers right across the country to make sure our programs work for them," MacDonald said. "That is why, at our meeting last week, we agreed to make changes to AgriStability so that producers facing trade uncertainty and dry conditions have more protection."
"Supporting producers with immediate changes to AgriStability increases the effectiveness of the program," Harrison said. "Reliable and effective business risk management programs help protect against large declines in producers' margins and are an important tool for a strong agricultural sector in Saskatchewan."
For the 2025 AgriStability program year, the Saskatchewan Crop Insurance Corporation (SCIC) is immediately implementing program changes to respond to ongoing international trade concerns and strengthen the program's support for Saskatchewan producers.
For the 2025 program year only, AgriStability participants will see an increase in the compensation rate from 80 per cent to 90 per cent, meaning producers who access a benefit will now receive 90 cents on every dollar of eligible margin decline, generating larger payments. The margin protection AgriStability can provide is unique to each farm, making it important for producers to understand their historical reference margin.
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