News From SCIC

AgriStability is a cost-effective business risk management program designed to help farm operations facing large margin declines. At $4.50 for every $1,000 covered Contribution Reference Margin multiplied by 70 per cent the annual AgriStability fee is $3.15 for every $1,000 of margin covered. For Saskatchewan producers, the average cost to participate is $0.69 per acre for grain operations, or $1.19 per head for livestock operations.

The Government of Saskatchewan today announced the province is making up to $70 million available to help offset extraordinary costs of feeding livestock to maintain the breeding herd in Saskatchewan. Saskatchewan continues to work quickly with the federal government to jointly examine how AgriRecovery could help respond. Provincial funding will be available based on receipts or appropriate documentation for extraordinary expenses for the purchase of feed or transportation of feed or livestock, to provide cash flow to eligible producers impacted by significant drought.

SCIC is excited to offer virtual information sessions to provide you with more information on our suite of Business Risk Management Programs.