Agri-stabilité — Île-du-Prince-Édouard ### 📋 Eligible Entities - Agricultural producers operating farms in Prince Edward Island - Sole proprietors engaged in farming operations - Partnerships involved in agricultural production - Corporations with primary business activity in agriculture - Producers of eligible commodities (livestock, crops, and other agricultural products) - Farms meeting minimum revenue thresholds as defined by the program - Operations with verifiable production records and financial documentation ### 💰 Funding Details - Non-repayable grant support (not a loan) - Coverage triggered when farm income declines by a specified threshold compared to historical benchmarks - Matching eligibility: Producers typically contribute through program participation fees or premium payments - Payout structure: Compensation calculated based on the degree of income loss and eligible farm revenue - Individual claim limits: Subject to maximum benefit caps per producer per program year - Frequency: Annual assessment and support (calendar or fiscal year basis) ### 🛠️ Approved Expenses - Income stabilization for revenue shortfalls due to: - Crop/livestock production losses - Unexpected cost increases (feed, fuel, inputs) - Adverse market price conditions - Weather-related or disease-related events - Working capital support to maintain farm operations - Operating expenses during income decline periods - Debt servicing and financial obligations ### ⚠️ Conditions & Milestones - Enrollment requirement: Producers must register and actively participate in the program - Documentation: Complete financial records, production records, and tax returns required for claims - Income verification: Historical baseline income (typically 3–5 years) used to assess losses - Threshold trigger: Support activated only when losses exceed defined percentage thresholds - Annual application deadline: Submissions required within specified windows (varies by year) - Compliance: Ongoing record-keeping and reporting obligations throughout the program year - Eligibility maintenance: Continued farm operation and adherence to agricultural standards - Claim deadline: Submission of supporting documents within specified timeframe