AgriStability — Prince Edward Island PE Canada

AgriStability — Prince Edward Island

PE, Canada
Insurance to protect farming operations in Prince Edward Islands
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grant_single|eligibleFinancing
  • grant_single|minCount
  • grant_single|projectCostPercent
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  • grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
  • Agriculture, forestry, fishing and hunting
grant_single|grantors
  • Government of Prince Edward Island
  • Department of Agriculture and Land (PEI)
grant_single|status
grant_card_status|open

grant_single_labels|preview

Get financial support to help manage large income declines caused by production loss, increased costs or market conditions.

grant_single_labels|projects

Eligible projects or activities for the AgriStability program include those that involve primary agricultural production and meet the eligibility requirements stated.
  • Production maintenance
  • Market stability measures
  • Farm income loss recovery
  • Input cost management strategies
grant_single|admissibleProjectsExample

$65,000

Toronto
Diversifying crops to include more market-demand vegetables

$45,000

Ottawa
Implementing organic pest control methods for sustainable farm production

$75,000

Edmonton
Innovating cold storage solutions for farm products in winter

$95,000

Vancouver
Establishing a new hydroponic system for vegetable production

$70,000

Montreal
Creating a sustainable water recycling system for farm irrigation

$90,000

Calgary
Developing a new line of drought-resistant wheat for increased productivity

grant_single_labels|admissibility

Eligibility for the AgriStability program requires that certain criteria be met.
  • Completed a minimum of six months of consecutive farming activity in Canada
  • Completed a production cycle in that program year
  • Reported farming income (or loss) to the Canada Revenue Agency, no later than three months after the deadline for that program year
  • Meets all program enrolment, payment, and reporting requirements by the established deadlines

grant_eligibility_criteria|who_cannot_apply

Some types of companies may not be eligible for this grant:
  • Companies involved in illegal activities
  • Non-profit organizations
  • Companies based outside of Canada

grant_eligibility_criteria|eligible_expenses

Eligible expenses for this grant include:
  • Research and development costs
  • Prototype development expenses
  • Labour costs directly related to the project
  • Materials and equipment essential for the project

grant_eligibility_criteria|zone

The eligible geographic zones for the AgriStability program are within Canada, as long as the farming activities are conducted in the country.
  • Canada

grant_single_labels|criteria

There are evaluation and selection criteria for this grant.
  • Economic impact of the project
  • Innovation and feasibility of the proposed activities
  • Capacity and experience of the organization
  • Alignment with grant objectives and priorities

grant_single_labels|register

  • Step 1: Determine Eligibility
  • Ensure you have completed a minimum of six months of consecutive farming activity in Canada.
  • Complete a production cycle in the program year you are applying for.
  • Report farming income (or loss) to the Canada Revenue Agency, no later than three months after the deadline for that program year.
  • Meet all program enrolment, payment, and reporting requirements by the established deadlines.
  • Step 2: Gather Required Documentation
  • Prepare income tax and supplemental information for the past five years to establish your historical reference margin.
  • Step 3: Enrol in the Program
  • If you did not participate in AgriStability the previous year, contact the PEI Agricultural Insurance Corporation office at 902-836-0435 to determine your eligibility and start the enrolment process.
  • If you participated in the previous year, review the enrolment notice and contribution reference margin issued mid-March.
  • Step 4: Submit Required Forms
  • Fill out all required program forms and submit them by the deadline of April 30th.
  • Step 5: Pay Program Fees
  • Your contribution for the program year is calculated using your “contribution reference margin” multiplied by 0.45 percent, multiplied by 70 percent.
  • Pay the fee within 30 days of receiving the enrolment notice or four months after the start of the program year, whichever is later.
  • Step 6: Maintain Communication
  • Notify P.E.I.AIC of any changes in your contact information by completing and submitting the Client Details Form.

grant_single_labels|otherInfo

AgriStability participants are responsible for maintaining updated client information and can face interest on outstanding accounts.
  • Interest on unpaid fees accrues at the rate of 1% per month.
  • Outstanding amounts owed to P.E.I.AIC will be deducted from client payments.
  • Client information such as address, phone number, and email must be updated through the Client Details Form.
  • P.E.I.AIC maintains privacy procedures in compliance with FOIP Act legislation.

grant_single_labels|contact

AICStability@gov.pe.ca
902-836-0435
Apply to this program