The Net Income Stabilization Account (NISA) is an income
stabilization program for farmers in this province.
It is a federal/provincial cost shared agreement, that operates on a 60/40 basis and has been in place since 1991.
The program is a contributory program in which the governments and the farmers provide matching funds to help stabilize net farm income in the event of significant farm losses, such as crop damage.
This year, the province's contribution will increase from 1% to 2% in order to improve the effectiveness of the program.
As a result, the cost of government's contributions are expected to double this year over last year.