Farm income stabilization program AgriStability in Canada aims to reduce income fluctuations for farmers. The program triggers payments based on margin reductions, but this can lead to farmers relying less on other risk management strategies like insurance or diversification. Payments for small margin reductions have the strongest crowding out effects. Payments for catastrophic losses are often too late to be effective. The program competes with AgriInsurance, a subsidized insurance program. Overall, AgriStability is seen as a socially acceptable way to support farmers, but may not be the most efficient risk management tool.