canada’s net income stabilization strongaccountstrong (nisa).pdf

Canada’s Net Income Canada’s Net Income Stabilization Account Stabilization Account (NISA) (NISA) Alan Asselstine All opinions or interpretations presented in this paper are those of the author and not necessarily those of Agriculture and Agri-Food Agriculture and Agri-Food Canada Canada NISA NISA H How NISA Works H Program Data H History H Farm Incomes 1998 and 1999 Agriculture and Agri-Food Canada How NISA Works - General How NISA Works - General H In good years participants can make a deposit into their NISA account. H After a low income year, participants can withdraw funds from their NISA account. H The governments encourages farmers to use their NISA account by ‰ matching eligible deposits ‰ paying bonus interest on part of the NISA accounts. Agriculture and Agri-Food Canada How NISA Works - Deposits How NISA Works - Deposits H Participants can and do make annual deposits into their NISA account. H The governments will match most participant deposits. H The amount matched is determined by the participant’s eligible net sales. Agriculture and Agri-Food Canada How NISA Works - Withdrawals How NISA Works - Withdrawals H If the participant’s gross margin falls below their 5 year average gross margin OR H If income from al