AgriInvest

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• Funds can be withdrawn from the account at any time.

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.

Who is eligible?

Who is not eligible

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

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.

Eligible geographic areas

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

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.

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.