
AgriStability — Prince Edward Island
- Open Date : December 31, 2024
- Closing date : July 31, 2025
Overview
Get financial support to help manage large income declines caused by production loss, increased costs or market conditions.
At a glance
Funding available
- No objectives are currently available
- Minimum amount : 400 $
- Up to 60% of project cost
- Open Date : December 31, 2024
- Closing date : July 31, 2025
Eligible candidates
- Agriculture, forestry, fishing and hunting
- Prince Edward Island
- For-profit business
- Sole proprietorship
- $ 4,000,000 maximum revenue
- All organization sizes
- Rural or Northern Residents
Next steps
Activities funded
The AgriStability program supports farm operations by providing coverage for significant declines in profit margins due to adverse market conditions, production losses, or increased costs. Eligible projects include various farming activities that align with these objectives.
- Coverage for farm operations experiencing large margin declines due to declining markets.
- Support for farms affected by production losses and increased input costs.
Eligibility
Who is eligible?
Eligibility for the AgriStability program requires that a producer:- Completed a minimum of six months of consecutive farming activity in Canada.- Completed a production cycle in the 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.Producers must ensure they meet the enrolment and submission deadlines established for the program year.Who is not eligible
Some types of companies may not be eligible for this grant:
- Companies involved in illegal activities
- Non-profit organizations
- Companies based outside of Canada
Eligible expenses
The AgriStability program is designed to support farm operations experiencing significant margin declines due to various economic factors. This grant covers projects related to maintaining and stabilizing agricultural production under changing market and environmental conditions.
- Projects that address margin declines caused by declining markets.
- Initiatives to mitigate production losses through improved farming practices.
- Activities focused on managing increased input costs effectively.
- Whole-farm-margin coverage strategies for eligible agricultural producers.
Eligible geographic areas
This grant is available to producers operating within the jurisdiction of Prince Edward Island, as indicated by the funding body's regional focus. The eligibility is specifically tailored to agricultural operations in this area.
- Producers located in Prince Edward Island.
Additional information
Here are additional relevant details for this grant:
- The program is cost-shared 60:40 between the provincial and federal governments.
- The participant's contribution is calculated using a specific formula involving the contribution reference margin.
- Payments must be made within specified timelines to maintain eligibility.
- PEI AgriStability has procedures to apply interest to unpaid fees on a monthly basis.
- Participants must notify P.E.I.AIC of any changes to their contact information using the Client Details Form.
- P.E.I.AIC adheres to privacy procedures compliant with the FOIP Act.
Contacts
Frequently Asked Questions about the AgriStability — Prince Edward Island Program
What is the AgriStability — Prince Edward Island?
How much funding can be received?
What is the deadline to apply?
Who is eligible for the AgriStability — Prince Edward Island program?
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