Insurance and Income Protection
The Business Risk Management Branch administers a suite of insurance and income stability programs that are designed to work together to enable B.C.'s agricultural producers to manage business risks that are beyond their control (production losses, severe market volatility, extreme weather events or disasters). These programs are an important part of a farmer's overall risk management strategies.
AgriStability
AgriStability is a business risk management tool that helps stabilize farm income by managing the risk of large income declines. The AgriStability program is based on the income and expenses of individual farms.
2022 Enrollment Deadline Extended to June 30, 2022
The AgriStability enrollment deadline for the 2022 program year has been extended to allow farmers more time to sign up and take advantage of the support available under the program.
- New and returning clients have until June 30, 2022 to enrol
- Current participants have until June 30, 2022 to pay their fee without penalty
2021 Late Participation Option
Late participation was developed in response to extreme challenges experienced by producers in 2021. Wildfires, record heatwave, prolonged drought and massive floods destroyed the livelihood of many producers. Farmers can sign up for the 2021 program year until December 31, 2022.
Production Insurance
Production Insurance is an affordable insurance program that supports agricultural producers to manage the risk of crop losses caused by weather perils such as hail, frost, excessive rain, fire, flooding, drought and wildlife. In B.C., Production Insurance is offered for berries, grain, forage, grapes, tree fruit, vegetables and flower bulbs.
2021 Flood Recovery Program for Food Security
The 2021 Canada-British Columbia Flood Recovery Program for Food Security responds to impacts on livestock and crops by providing assistance to help offset costs of returning to production.
2021 Wildfire and Drought Recovery Initiative
Are you an agricultural producer in B.C. that has been affected by wildfire or extreme drought conditions in 2021? The 2021 Wildfire and Drought Recovery Initiative provides assistance to help offset the extraordinary costs required to return to production.
Agriculture Wildlife Program
The Agriculture Wildlife Program provides assistance to forage, grain and livestock producers experiencing crop and livestock losses due to damage caused by wildlife. The program includes compensation for wildlife damage to standing forage and grain, separation of excreta contamination from grain and livestock losses due to wildlife predators.
Livestock Price Insurance
Livestock Price Insurance (LPI) offers protection against an unexpected drop in livestock prices over a defined period of time. Livestock producers can purchase price protection on cattle and hogs in the form of an insurance policy. Coverage is based on a number of market driven factors and can be managed on-line.
LPI is available in British Columbia, Alberta, Saskatchewan and Manitoba.
AgriInvest
AgriInvest is a self-managed savings account that helps farmers manage small income declines and provides support for investments to mitigate risks or improve market income. This program is administered by the federal government.
