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 9, 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|terms_and_conditions
This grant offers supportive financing modalities to help agricultural producers enhance their financial resilience. The modalities focus on matching contributions to assist in risk management.
- Annual deposits made by participants are matched by government contributions, up to a maximum of $10,000.
- Funds deposited in the AgriInvest account serve as a financial reserve to assist in managing operational risks.
grant_single_labels|projects
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.
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_eligibility_criteria|zone
This grant does not specify eligible geographical areas as detailed 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
