[UPDATED] Manitoba farmers will have three extra months to enrol in the AgriStability program as they navigate market disruptions, the province announced Friday.
“With stress and uncertainties beyond their control, extending this deadline will provide producers additional time to protect their margins from production loss and market disruptions, and help to manage the impact of challenges facing their farm operation,” said Agriculture Minister Ron Kostyshyn.
The deadline was extended to July 31 from April 30.
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AgriStability is a business risk management program designed to cushion farmers against large declines in farm income.
In late March, in a bid to mitigate effects of Chinese tariffs on Canadian peas, canola oil and meal, and pork, the federal government bumped up the AgriStability compensation rate to 90 per cent from 80 per cent and doubled the $3 million payment cap for 2025.
Two thirds of provinces must approve the changes for them to go into effect.
Earlier this month, Premier Wab Kinew announced $10 million to match existing AgriStability funding.
