Coverage Notice
Last updated on January 29, 2025
What is the Coverage Notice?
The Coverage Notice helps predict if you will get a payment from AgriStability. It can be used to help with business planning or to help secure a business loan. Apply for a Coverage Notice after you experience a loss in profit. After you apply, you will receive a Coverage Notice by mail.
The Coverage Notice will show the calculation of your Reference Margin and provides:
- an estimate of your farm's predicted profit for the year based on your farm’s size, inventory and recent profits
- the amount of income AgriStability will protect for your farm
An AgriStability payment is triggered when your profits for the year drop 30% below your Reference Margin. Learn more about Payments.
Important:
- Your Coverage Notice is an estimate based on the information you have provided. Actual coverage is based on the information received on your Statement A at the end of the year.
- AgriStability will pay 80 cents for every dollar of income decline below the amount indicated on your Coverage Notice
For the 2024 Program Year, the BC AgriStability Enhancement Program pays 90 cents for every dollar of income decline below the trigger shown on your Coverage Notice.
Coverage Notice Example
Farmer A's 2024 Reference Margin is $100,000
Farmer A's coverage trigger is $70,000 (70% of the Reference Margin)
Farmer A's current year profit is $50,000
This is lower than the $70,000 trigger (30% loss), so Farmer A will receive a payment.
Farmer A will receive a payment of $16,000 from AgriStability.
The math: Payment = (Trigger - Profit) x 80%
$16,000 = ($70,000 - $50,000) x 0.80
Farmer A's fee to enrol in AgriStability is only $370. Learn more about fees here.
Steps to Receive Your 2024 Coverage Notice
- Pay your 2024 Enrolment Fee
The 2024 enrolment fee is due by April 30, 2025, or within 30 days of receiving your enrolment notice, whichever is later.
- Submit your 2023 Statement A
Before we calculate your 2024 Reference Margin, we need to process your 2023 Statement A. Please include any changes to your crops planted or number of breeding animals. This information helps calculate an accurate Coverage Notice.
- Submit your Coverage Notice request
Use the online form to submit a coverage notice request.
Additional Information:
New Participants
A New Participant will follow the new participant application process:
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Once enrolled, AgriStability will collect all the information needed to set up your Reference Margin.
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After completing these steps, you can request your Coverage Notice to see an early estimate of your coverage.
​Accrual and Cash Filers
Both accrual and cash filers can request a Coverage Notice.
Your 2023 program year application must be verified before requesting a Coverage Notice.
Partnerships
Each partner in a partnership can choose to receive an individual Coverage Notice
Combined Farms
The Coverage Notice will be based on the whole farm in the case of combined farms.
You will need to submit the intended productive capacity from all members to calculate the estimated Reference Margin and support level for the whole farm.
Contact information
Agriculture Insurance and Income Protection Programs help manage production risk and stabilize income.
Regional offices are located around the province.
1-877-343-2767
1-877-605-8467
AgriStability@gov.bc.ca
www.gov.bc.ca/AgriStability