Following a virtual meeting of Federal, Provincial and Territorial (FPT) Ministers of Agriculture, Federal Minister of Agriculture and Agri-Food Heath MacDonald and Saskatchewan Minister of Agriculture Daryl Harrison announced Saskatchewan producers will see changes to AgriStability for the 2025 program year.

For the 2025 AgriStability program year, the Saskatchewan Crop Insurance Corporation (SCIC) is immediately implementing program changes to respond to ongoing international trade concerns and strengthen the program’s support for Saskatchewan producers. SCIC reminds Saskatchewan producers that the deadline to enrol in AgriStability for the 2025 program year is extended to July 31, 2025.

For the 2025 program year only, AgriStability participants will see an increase in the compensation rate from 80 per cent to 90 per cent, meaning producers who access a benefit will now receive 90 cents on every dollar of eligible margin decline, generating larger payments. The margin protection AgriStability can provide is unique to each farm, making it important for producers to understand their historical reference margin.

In addition, for the 2025 program year only, the maximum payment cap is doubling, from $3 million to $6 million per operation. This change can provide additional protection for eligible operations.

The AgriStability Program continues to respond. From 2018 to 2023, AgriStability has paid over $645 million in benefits. Payments are trending higher for the 2024 program year, compared to the past 15 years.