. Agri-news. Agriculture. August 26,1991 Alberta joins NISA Alberta farmers will now be able to join the Net Income Stabalization Account (NISA) program. Alberta's two agriculture ministers, Ernie Isley and Shirley McClellan, announced August 15 that the provincial government cabinet and caucus had endorsed the NISA plan. NISA is administered by the federal government and is jointly funded by producers and the federal and provincial governments. NISA allows individual producers to put money away in good years for withdrawal when net income is low in other years. The program was developed by th
. Agri-news. Agriculture. August 26,1991 Alberta joins NISA Alberta farmers will now be able to join the Net Income Stabalization Account (NISA) program. Alberta's two agriculture ministers, Ernie Isley and Shirley McClellan, announced August 15 that the provincial government cabinet and caucus had endorsed the NISA plan. NISA is administered by the federal government and is jointly funded by producers and the federal and provincial governments. NISA allows individual producers to put money away in good years for withdrawal when net income is low in other years. The program was developed by the Grains and Oilseeds Task Force as part of the federal agricultural policy review known as "Growing Together". "Alberta's entry builds on our government's continuing commitment to the agricultural industry in Alberta and adds a complementary program to the GRIP component of our safety net system, which is already in place," says Isley. It is a program that will meet international trading rules and encourage a market responsive, self-reliant agriculture, all of which are pillars of the Growing Together process," says McClellan. Both ministers note that the timing of Alberta's entry is appropriate. Initial prices offered by the Canadian Wheat Board (CWB) for the 1991-92 crop year are signalling a further reduction in grain farm income, despite a harvest expected to be larger than average. Cash flow problems are severe, and the additional assistance provided by the waiving of the usual withdrawal conditions will be welcomed by many producers hit by low prices and unusual weather conditions over the last few years. Normally, withdrawals from the fund would be triggered either when net income from all sources (on and off-farm) falls below $10,000, or when the farm's current year gross margin is less than the average gross margin for the previous five years. Payment triggers have been waived for this year only, and producers will not be required to actually
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Keywords: ., bookcentury1900, bookleafnumber11, booksubjectagriculture, juldec
