AgriInvest — Quebec
Overview
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.
At a glance
Funding available
- Reduce the ecological footprint
- Maximum amount : 10,000 $
- Minimum amount : 250 $
- Open Date : July 9, 2024
Eligible candidates
- Agriculture, forestry, fishing and hunting
- Quebec
- For-profit business
- Sole proprietorship
- All revenue ranges
- All organization sizes
- Rural or Northern Residents
Activities funded
The AgriInvest program in Quebec provides financial assistance by matching contributions to help farmers manage risks related to their agricultural operations. This program supports most agricultural activities except for a few specified exclusions.
- Financial management reserves for agricultural risk mitigation.
- Support for a diverse range of agricultural products except for those under certain categories like supply-managed products and non-farming derived income.
Eligibility
Eligibility for the AgriInvest program is determined by specific criteria related to the nature of the agricultural products and the source of income.
- Most agricultural products are allowable under the AgriInvest program except those under supply-management.
- Forestry products are not eligible for the program.
- Aquacultural products are excluded from eligibility.
- Racehorses and peat moss are not considered eligible products.
- Cannabis is not eligible under the program.
- Wild animals in their natural environment do not qualify for the program.
- The resale of products that do not stem from the farming operation is not eligible.
- Income derived from farming activities carried on outside of Canada is excluded from eligibility.
Who is eligible?
The AgriInvest program is open to individuals involved in the agricultural sector with eligible agricultural products. Most agricultural products are allowed, with a few exceptions, including products under supply-management, forestry, aquacultural products, racehorses, peat moss, cannabis, wild animals in their natural environment, resale of non-farming products, and income from farming outside Canada. It aims to provide financial support to agricultural producers to manage business risks through savings contributions.
Who is not eligible
The AgriInvest program imposes restrictions on specific types of products and income sourcing, focusing on exclusions related to supply management and non-agricultural activities. These restrictions ensure that the program supports genuine farming operations in Canada.
- Products under supply-management.
- Forestry products.
- Aquacultural products.
- Racehorses.
- Peat moss.
- Cannabis.
- Wild animals in their natural environment.
- Resale of products that do not stem from the farming operation.
- Income derived from farming activities carried on outside of Canada.
Eligible expenses
The AgriInvest program is designed to assist farmers in managing financial risks by providing matching government contributions to savings deposits, creating a reserve for risk mitigation. However, specific activities or projects eligible for this grant are not outlined in the provided information.
Eligible geographic areas
This grant does not specify eligible geographical areas as detailed in the provided information.
How to apply
Create an account
- Visit the AgriInvest portal to create your account.
- Fill in the necessary information to register in order to access online services.
Set up an AgriInvest account
- Once registered, set up your AgriInvest account through the portal.
- Provide all required banking and agricultural operation details.
Annual deposit
- Make an annual deposit into your AgriInvest account up to the authorized limit.
- Ensure you meet the eligibility criteria for the deposited products.
Corresponding government contribution
- Wait for the corresponding government contribution based on the deposit made.
- Check that the contribution has been correctly added to your account.
Manage funds
- Use the funds to manage the risks associated with your agricultural operations.
- Keep track of all transactions through your online account.
Additional information
Here are additional relevant details for this grant:
- The AgriInvest program can serve as a complement to the Farm Income Stabilization Insurance Program (ASRA), where its interventions are adjusted to consider the amounts paid by AgriInvest.
- Participants must manage their AgriInvest account balance according to their risk management needs, including withdrawals.
- Government contributions are subject to a maximum limit of $10,000.
