Reference Margin Limit removed from AgriStability
March 26, 2021 by Top Crop Manager
As a result of today’s federal-provincial-territorial (FPT) meeting of Canada’s Ministers of Agriculture, the Reference Margin Limit (RML) has been removed from AgriStability. Marie-Claude Bibeau, federal minister of agriculture and agri-food, took to Twitter to share the news.
The removal of the RML is retroactive to 2020, meaning a farm’s level of coverage for 2020 under AgriStability will not be adjusted by the Limit, as it would have been previously.
Bibeau mentioned that the offer for increasing compensation rates to 80 per cent through cost-sharing – 60/40 between the federal and provincial governments – is still on the table.
We’ve received the support from all our prov. & territorial colleagues on the removal of the Reference Margin Limit from #AgriStability, retroactive to 2020!
It’s a big win for farmers across 🇨🇦,=about $95M/year. Thank you to all farmers & producer groups who got behind our offerAdvertisement
— Marie-Claude Bibeau (@mclaudebibeau) March 25, 2021
More information will be added as it is made public.