It’s that time of year again; time to think about filing the paperwork for the 2017 AgriStability program.
The program is administered through the Saskatchewan Crop Insurance Corporation and September 30th marks the first deadline.
SCIC says the information submitted on the form details the farm’s situation for the program year.
A farm’s coverage is based on the comparison between this program year information and a producer’s reference margin, which is the historical financial profile of the farm.
Benefits are generated when the farm’s program year falls below 70% of their reference margin.
If a producer does not file annually, there will be a gap in the information needed to build the reference margin and this will cause delays when processing future program forms.
Any 2017 program forms received after the September 30, 2018 deadline are subject to a penalty fee.
Source : Discoverestevan