AgriStability code changes
AgriStability and AgriInvest administrators have made significant changes to the commodity code lists included in the 2011 forms and guide packages. These changes are part of an ongoing effort to simplify reporting requirements for producers and to remove duplicate or redundant codes, the administration says in a release.
Commodity codes are used when completing the AgriStability and AgriInvest application forms to identify sales and purchases of specific commodities.
Farmers or accountants are advised to be sure to insert the correct commodity codes when completing applications to avoid unnecessary delays.
The revised commodity code list is included in the 2011 forms and guide packages. It can also be found online on the Forms page of the program websites: www.agr.gc.ca/agristability www.agr.gc.ca/agriinvest.
Repayment deadline extended
Manitoba farmers now have an extra year to pay back any program overpayments without interest charges.
Agriculture and Agri-Food Canada announced Dec. 19 that the interest-free period for overpayments under AgriStability and its predecessor, the Canadian Agricultural Income Stabilization (CAIS) program, will now run until Jan. 1, 2013.