Funding Supports for Business & Individuals
Support for Agriculture Sector Dealing with COVID-19
- Created: Saturday, 13 June 2020 12:39
Nova Scotia’s agricultural businesses continue to produce food and generate economic activity, even when faced with the challenges posed by the COVID-19 pandemic. The province is responding to the sector’s immediate needs to help keep it strong.
“This support package will help farmers manage risks that are currently threatening the viability of their farm operations and our food supply system,” said Agriculture Minister Keith Colwell. “We need a strong agriculture sector and by taking these steps, we are helping our farm families improve their competitiveness, productivity and profitability at a time of significant change.”
In partnership with the federal government, the assistance includes a new COVID-19 Response and Mitigation Program, funded under the Canadian Agricultural Partnership, that helps mitigate the impacts of the COVID-19 pandemic. The program will help food producers with the costs of meeting extra health requirements due to COVID-19, help producers get their crops to market, fund projects aimed at maintaining competitiveness, productivity, profitability, and support abattoir efficiency and development.
Nova Scotia and the Government of Canada have agreed to increase the 2020 AgriStability interim benefit payment percentage from 50 to 75 per cent for producers. The program supports producers experiencing a large decline in farm income.
They are also providing a 10 per cent discount on producers’ share of AgriInsurance premiums, saving farmers from making these payments during difficult times. AgriInsurance is an insurance against natural hazards to reduce the financial impact of production losses.
Agricultural businesses can apply for the assistance now.
COVID-19 Response and Mitigation Program: https://novascotia.ca/coronavirus/agriculture-response-program/
Canadian Agricultural Partnership Cost-Shared Programs in Nova Scotia: https://novascotia.ca/canadian-agricultural-partnership/
Canadian Agricultural Partnership: https://www.agr.gc.ca/eng/about-us/key-departmental-initiatives/canadian-agricultural-partnership/?id=1461767369849
Business Risk Management Programs under the Canadian Agricultural Partnership: https://www.agr.gc.ca/eng/about-our-department/key-departmental-initiatives/canadian-agricultural-partnership/canadian-agricultural-partnership-business-risk-management-programs-effective-april-2018/?id=1500475317828