Your business is eligible to participate in AgriStability if you meet all of these requirements:
- You farm eligible commodities within Canada
- You file income tax reporting farming income (loss) to the Canada Revenue Agency (CRA) by the final filing deadline for the program year
- You filed farming income (loss) for tax purposes for all reference years in which you farmed. If you are a beginning farmer, we will use industry numbers for the missing years.
- You have completed a minimum of six consecutive months of farming activity and a full production cycle, unless you experienced a disaster
- You are enrolled in the AgriStability Program, pay your annual enrolment fee, and file all Program forms by the applicable deadlines
Annual reporting requirements:
- Complete the AgriStability income and expense forms 1373-E Statement A for corporations or T1273 Statement A for individuals, reporting all eligible;
- Farming income from grape and bulk juice sales (for corporations as reported as farming revenue on the CRA Sch125)
- Farming expenses related to the production of wine grapes (for corporations as reported as farming expenses on the CRA Sch125)
- Complete the AgriStability supplementary form for wine grape operations and report the following:
- Total pounds of wine grapes harvested by variety each season
- Litres of bulk wine produced from the grapes grown on the farm each season
- Total number of litres, produced from this program year, in bulk storage at the end of the fiscal year
AgriStability payment example for Grape Producers:
Here is a typical farm growing 10 acres of wine grapes and harvesting three to four tonnes per acre in a normal year. In 2023, they had a significant income decline due to cold weather.
Step 1: Calculate your Production Margin for the Reference Years and the Program Year
- Allowable Income represents the value of the crop harvested each season plus insurance claims for lost production.
- Allowable Expenses are the direct costs associated with producing wine grapes.
Step 2: Calculate your Reference Margin
We calculate your Reference Margin using the average of the Production Margins for three of the five years immediately prior to the Program Year, where the highest and the lowest margins are excluded.
If you do not have five years previous for your operation industry averages will be used.
In this example, the Production Margins for 2019, 2020 and 2022 are averaged to create a Reference Margin of $46,823.
Step 3: Calculate your Benefit
When the Program Year Margin falls 30% or more below the Reference Margin an AgriStability payment is triggered.
AgriStability pays 80 cents for every dollar of Margin Decline.
The AgriStability Payment of $57,421 will help the producer in this example to offset the income decline in 2023.
Check out our commodity specific information pages with payment examples for more information about how AgriStability helps B.C. Producers:
Enrol today! If you have any questions, AgriStability Customer Support is available by calling 1-877-343-2767 or by email at AgriStability@gov.bc.ca.