The Manitoba government, in co-operation with the government of Canada, has extended the enrollment deadline for the 2025 AgriStability program by three months in response to tariffs in the agriculture sector and to allow producers additional time to enroll in the program as they manage the impact of current market disruptions.
“Our government is doing everything it can to support Manitoba producers as they make it through today’s challenges and prepare for the future,” said Agriculture Minister Ron Kostyshyn. “With stress and uncertainties beyond their control, extending this deadline will provide producers additional time to protect their margins from production loss and market disruptions, and help to manage the impact of challenges facing their farm operation.”
AgriStability is a business risk-management program under the Sustainable Canadian Agricultural Partnership (S-CAP) that helps famers manage income risk by providing financial assistance when their farm business experiences a large margin decline, noted the minister. The deadline will be extended from April 30 to July 31 of this year.
Kostyshyn is also encouraging producers to learn more about the business risk-management programs available through the Manitoba Agricultural Services Corporation (MASC).
“These products are excellent tools that allow producers to protect against fluctuating markets and interest rates,” said Kostyshyn. “I encourage all producers to contact their local MASC office and ask which financial management tools will help in making sound production decisions along with which lending and risk-management programs will help safeguard their farm operations and provide long-term success.”
Earlier in April, an additional $10 million in matching funds was announced for potential enhancements to the AgriStability program, along with $140.8 million in Budget 2025 for business risk-management programming including AgriInsurance, wildlife damage compensation and AgriInvest.
The Sustainable Canadian Agricultural Partnership is a five-year, $3.5-billion investment by Canada’s federal, provincial and territorial governments to strengthen the competitiveness, innovation and resiliency of the agriculture, agri-food and agri-based products sector. This includes $1 billion in federal programs and activities and a $2.5-billion commitment that is cost-shared 60 per cent federally and 40 per cent provincially-territorially for programs that are designed and delivered by provinces and territories.
For more information on these agricultural support programs, visit gov.mb.ca.
