Canadian Agriculture Partnership
Growing Forward 2 – Canada’s national policy framework to support agriculture through collaboration among federal, provincial and territorial governments – is set to expire on March 31, 2018. But its mandate will be renewed by Canadian Agricultural Partnership (CAP) beginning April 1, 2018.
The CAP is a five-year, $3 billion investment by federal, provincial and territorial governments to strengthen the agriculture and agri-food sector.
The CAP will bring changes to Business Risk Management programs, which include AgriStability and AgriInvest, and will come into effect for the 2018 program year.
- The Reference Margin Limit will be changed to ensure a more equitable level of support for all producers and it will guarantee all producers at least 70% of their Reference Margin.
- A late participation mechanism has been added that provincial and territorial governments can trigger to allow producers to enter the program late in situations where there is a significant income decline and a gap in participation. The mechanism will only be triggered in response to significant events and benefits will be reduced by 20% for producers who enroll late, to encourage regular annual enrollment by producers.
- The minimum payment will be increased from $75 to $250.
- The maximum Allowable Net Sales (ANS) eligible under AgriInvest will be reduced to $1 million, down from $1.5 million.
- The annual government matching contributions will be limited to $10,000 per AgriInvest account, down from $15,000.
- The minimum payment will be adjusted from $75 to $250.
If you have any questions about the changes coming in April 2018 or any of the other programs offered under the Canadian Agricultural Partnership, please contact the Avail Agriculture Group at email@example.com or call (403) 382-6800.