Ottawa increases AgriStability cap to help industry as it faces Chinese tariffs

OTTAWA — The Canadian government has announced support for the country’s agriculture sector as it deals with tariffs imposed by China. The federal agriculture department says in a news release that the current payment cap under AgriStability, a program that works similarly to crop insurance, will double to $6 million for the 2025 program year. Support also includes increasing the compensation rate from 80 per cent to 90 per cent. Agriculture businesses are facing 100 per cent tariffs from China on canola and peas, as well as a 25 per cent levy on pork and some seafood products in retaliation…