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Farm Safety Net Programs
AgriInvest
This is a savings account for producers to replace the top 15% of the farm margins previously covered by the CAIS program. This will be similar to the former NISA program.
AgriStability
This is a margin based program that addresses declines of more than 15% in a producer’s average margin from past years. The application of this program will require the same information that was provided on the CAIS supplementary schedules.
AgriStability Fee
All participants will receive annual notices of what their fee will be. The notice will indicate the due date for this fee. Failure to pay this fee will make the participant ineligible to participate in AgriStability for that program year. This fee is in addition to the $55 administration fee that is deducted from any benefits that a participant may receive.
Overpayments
If there is still an outstanding overpayment the producer can choose to:
1. Do nothing – any future AgriStability and/or government agriculture payments will be applied to the overpayment until it is fully paid.
2. Repay the overpayment – this becomes a tax deductible expense to the producer at the time of repayment
3. Convert to a loan – this becomes a tax deductible expense to the producer at the time of conversion to a loan.
More information can be found at http://www.agric.gov.ab.ca/afsc.