Key issue: Safety nets
Section Chair: Mark Wales
The OFVGA provides input towards policy direction that reflects the needs of its membership in securing fair and equitable safety net programs. This section advocates for Business Risk Management (BRM) programs to support the sector, advocates for non-BRM programs to support farm & sector business development.
Safety net programming
AgriStability protects producers from large declines in their farming income caused by production loss, increased costs or market conditions.
Your allowable income and expenses for all the commodities you produce are used to calculate your margins, protecting the income of your whole farm.
More information: www.agricorp.com/en-ca/Programs/AgriStability/Pages/Overview.aspx
In Ontario, AgriInvest is delivered by Agriculture and Agri-Food Canada.
AgriInvest is a savings account with matching government contributions. You can withdraw funds at any time to alleviate risk or make other investments.
Each year, you can deposit up to 1 per cent of your allowable net sales (ANS) into your AgriInvest account and receive a matching government contribution. ANS are the net sales of most primary agricultural commodities, except those covered by supply management (dairy, poultry and eggs). Production Insurance claims are considered allowable commodities.
More information: www.agr.gc.ca/eng/?id=1291828779399
More information: www.agricorp.com/en-ca/Programs/ProductionInsurance/Pages/Default.aspx