AgriInvest
grant_single|update January 24, 2025
Canada
Matching funding to mitigate on-farm risks
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|closingDate September 30, 2024
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
grant_single|grantors
- Sustainable Canadian Agricultural Partnership (SCAP)
- Agriculture and Agri-Food Canada (AAFC)
- Government of Canada
grant_single|status
grant_card_status|open
grant_single_labels|preview
Get a matching contribution of up to $10,000 per year to help manage income declines or to make investments to mitigate on-farm risks.
grant_single_labels|terms_and_conditions
This program offers financial incentives to help producers manage small income declines and make investments for income stability. AgriInvest provides a systematic approach to growing financial resources through contributions and accrued interest.
- Participants can deposit up to 100% of their Allowable Net Sales annually into their AgriInvest account.
- Government matching contributions are provided at 1% of Allowable Net Sales.
- Accumulated funds include participant deposits (non-taxable) and government contributions plus interest (taxable upon withdrawal).
- Funds can be withdrawn from the account at any time.
grant_single_labels|projects
grant_single|admissibleProjectsExample
$ 9,000
Diversifying crop production to manage income stability risks
$ 9,000
Implementing pest control measures to protect crops
$ 9,000
Development of a drought-resistant crop variety
$ 7,500
Implementing advanced irrigation system to manage crop risks
$ 10,000
Installation of a weather monitoring system to manage storm risks
$ 9,500
Upgrade greenhouse facilities to mitigate frost risks
grant_single_labels|admissibility
Eligibility for participating in the AgriInvest program requires the applicant to meet specific criteria regarding their agricultural activities and residency.
- The applicant must be actively farming in the provinces of Canada where the program is federally delivered, excluding Quebec.
- In Quebec, applicants must access the program through La Financière agricole.
grant_eligibility_criteria|who_can_apply
To be eligible for the AgriInvest program, applicants must be actively involved in the Canadian agricultural sector and meet specific criteria related to their business operations. Eligibility requirements typically include:- Canadian agricultural producers who are individuals, partnerships, cooperatives, or corporations.- Applicants must have allowable net sales from agricultural products.- Participants must reside in Canada and be involved in the primary production of agricultural goods.- The program is open to producers in all Canadian provinces and territories except for Quebec, where it is administered provincially.- Producers must be operating a farm and have a valid business number or equivalent identification.This information aligns with the requirements for participating in the AgriInvest program designed to assist agricultural operations in managing financial risks and investments.
grant_eligibility_criteria|who_cannot_apply
Some types of companies are not eligible for the AgriInvest grant.
- Government funded organizations, including research stations, universities, and colleges
- Landlords earning rental income (cash rent or payments-in-kind) for crop or livestock shares or arrangements
- Former federal public office holders or public servants who are not in compliance with federal conflict of interest guidelines
- Dissolved corporations
grant_eligibility_criteria|eligible_expenses
The AgriInvest program helps agricultural producers manage income fluctuations and invest in their operations to mitigate risks and enhance market opportunities. Eligible activities focus on income stability and risk management for agricultural businesses.
- Managing small income declines through self-managed producer-government savings accounts.
- Investments in risk management measures to improve farm resilience.
- Enhancements to market income through strategic reinvestments in agricultural operations.
grant_eligibility_criteria|zone
This grant is applicable to businesses across various regions in Canada, managed federally and provincially. Eligible geographical areas include most Canadian provinces and territories except Quebec, where it is managed provincially.
- Northwest Territories
- Yukon
- All provinces except Quebec
grant_single_labels|criteria
There are evaluation and selection criteria for this grant.
- Demonstrated financial need.
- Evidence of sound risk management practices.
- Compliance with program guidelines and regulations.
- Potential for positive impact on market income.
grant_single_labels|apply
Here are the steps to submit an application for this grant:
- Step 1: Gather Required Information
- Ensure all necessary financial and personal details are available for completing the application.
- Understand the specifics of your Allowable Net Sales to calculate potential deposits and contributions.
- Step 2: Access Application Forms
- Visit the official AgriInvest website to access the application forms.
- Download or complete forms online, as applicable.
- Step 3: Complete the Application
- Fill in all personal, business, and financial details as required in the application form.
- Double-check all entries for accuracy and completeness.
- Step 4: Submit Application
- Submit the completed application to the specified address or submit electronically as per instructions on the website.
- Ensure that all required attachments and supplementary documents are included.
- Step 5: Confirmation and Follow-Up
- Receive a confirmation of receipt from the AgriInvest program office.
- Keep track of any communication or requests from the program to address any issues or provide additional information.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- There are two funds involved in the AgriInvest account: Fund 1 includes your deposits, which are not taxable, and Fund 2 includes government contributions and interest, which are taxable.
- The program allows for flexibility as participants can withdraw funds at any time.
- Instructions are provided on how the matching government contribution and interest accumulation are calculated.
- Program guidelines provide comprehensive information and should be reviewed for detailed understanding.
Apply to this program
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