AgriInvest - Quebec
QC, Canada
Matching funding to mitigate on-farm risks
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
grant_single|deadlines
- grant_single|openingDateJuly 09, 2024
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
grant_single|grantors
- Gouvernement du Québec
- La Financière agricole (FADQ)
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|projects
This grant is available to eligible companies across Quebec as it is administered by La Financière agricole du Québec. The funding is intended to support agricultural businesses within this province.
- Businesses located in Quebec, Canada.
grant_single|admissibleProjectsExample
$9,000
Setup of a greenhouse for cultivating exotic plants
$5,000
Development of a honeybee farm
$10,000
Efficiency enhancement of dairy farm operations
$6,000
Establishment of a raspberry farm with advanced irrigation systems
$7,500
Establishment of an organic poultry farm
$8,000
Expansion of an organic vegetable farm
grant_single_labels|admissibility
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.
grant_eligibility_criteria|who_can_apply
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.
grant_eligibility_criteria|who_cannot_apply
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.
grant_eligibility_criteria|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.
grant_single_labels|register
Here are the steps to submit an application for the AgriInvest program:
- Step 1: Create an Account
- Visit the AgriInvest portal to create your account.
- Fill in the necessary information to register for access to the online services.
- Step 2: Set Up an AgriInvest Account
- Once registered, set up your AgriInvest account through the portal.
- Provide all required banking and farm operation details.
- Step 3: Annual Deposit
- Make an annual deposit into your AgriInvest account up to the allowable limit.
- Ensure compliance with the eligibility criteria for deposited products.
- Step 4: Government Matching Contribution
- Await the matching government contribution based on the deposit made.
- Verify that the contribution has been correctly added to your account.
- Step 5: Manage Funds
- Use the funds to manage risks associated with your agricultural operations.
- Keep track of all transactions through your online account.
grant_single_labels|otherInfo
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.
grant_single_labels|contact
1-800-749-3646
Apply to this program
Maximize Your Agricultural Financial Security with AgriInvest
The AgriInvest program offers a way for Canadian farmers to enhance their financial security by making annual contributions to an account, which are matched by government contributions, providing a substantial reserve for risk management. This initiative is designed to complement existing financial protection programs and ensure continuity and stability in agricultural operations.
Understanding the AgriInvest Program for Enhanced Farm Stability
The AgriInvest program is a strategic financial tool for Canadian farmers, focusing on building a financial reserve that aids in managing the inherent risks of agricultural production. By allowing farmers to make annual deposits into an AgriInvest account, which are matched by government contributions up to a certain limit, this program effectively doubles the potential financial reserve available to farmers. Such reserves become crucial when mitigating various agricultural risks, including market fluctuations, pest infestations, and adverse weather conditions.
AgriInvest is structured to work in tandem with the Farm Income Stabilization Insurance Program (ASRA), another crucial financial safety net for farmers. ASRA focuses on production cost intervention, and its role is adjusted according to the financial assistance provided through AgriInvest. This symbiosis ensures that farmers receive a well-rounded financial support system that addresses both income stability and risk management.
One of the distinct advantages of AgriInvest is its flexibility. Unlike other programs that may require funds to be used in specific areas, the reserve created in an AgriInvest account can be allocated toward any aspect of the farm's operation that the farmer deems necessary. This could include investment in new technologies, handling unexpected expenses, or even bridging financial gaps in difficult years, thus offering farmers autonomy in how they choose to secure their future.
The program is open to a wide array of agricultural products, although there are specific exclusions such as products under supply management, forestry, and aquaculture products, among others. This targeted approach allows AgriInvest to remain focused on core agricultural areas that are most vulnerable to market and environmental disruptions.
Participation in AgriInvest requires farmers to engage actively in financial planning, encouraging a disciplined approach to building and managing a sustainable reserve. This not only fosters a culture of proactive financial management but also positions farmers to be better prepared for unforeseen challenges. The matching government contributions serve as a powerful incentive for farmers to maximize their deposits, promoting a robust safety net that enhances the overall resilience of the agricultural sector.
The impact of AgriInvest extends beyond individual farmers. By stabilizing incomes and providing reliable financial backing, the program contributes to the economic stability of rural communities and the agricultural industry as a whole. As farmers bolster their capacity to absorb shocks, they also bolster the strength of their communities, preserving livelihoods, and ensuring consistent agricultural production within local and national markets.
The AgriInvest program is not just about risk management; it represents a commitment to the ongoing prosperity of Canadian agriculture. By maintaining a flexible and supportive approach, AgriInvest empowers farmers to take control of their economic futures, adapting to changing circumstances and continuing to contribute to Canada's economic and food security landscape.
