Time Is Running Out On AgriStability Proposal

Jan 27, 2021

As of Tuesday morning, Federal Agriculture Minister Marie-Claude Bibeau was still waiting for a response from the Prairie provinces regarding her AgriStability proposal.

The proposal was put forward during the Federal, Provincial and Territorial Agriculture Minister’s meeting in November. Ottawa is proposing to remove the reference margin limit for AgriStability, as well as increase the compensation rate from 70% to 80%.

She addressed the media during Keystone Agricultural Producer's (KAP) AGM.

"To make any significant changes as those I have proposed, we need two-thirds of the provinces to agree and the weight of each of province is based on the level of participation of the farmers of the province. For us to reach this two-third level, we need two of the three provinces."

Bibeau says they'll need a response in the next few days.

"I've said that if we want to make it retro-active for 2020, we can not go any further than the end of the month of January. I don't want to close the door for improvement for this year and next year, so the sooner the better."

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