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 supports participants against large declines in an agricultural producer’s net farming income. The AgriStability program is based on the income and expenses of individual farms. 

In response to 2021's extreme weather events, a Late Participation Option was developed to allow producers until December 31, 2022 to register for the 2021 program year. 

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 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.