Amount:

$5,000,000

Type of Program:

Grant & Loan


Description:

The ARI ACB stream provides funding to implement and test new financial tools which allow producers to manage a defined business risk, and to implement and test climate change risk tools.

The ARI ACB stream provides funding to implement and test new financial tools which allow producers to manage a defined business risk.

Example of issues that new tools can address are, but not limited to:

  1. 1
    responding to diseases in livestock and crops,
  2. 2
    protecting producers from severe market price fluctuations,
  3. 3
    protecting against loss from contracts in new markets.

Comments on Funding:

The maximum AAFC contribution per recipient will not exceed $5 million per fiscal year. This contribution could include, without exceeding the maximum federal contribution of $5 million per fiscal year, a one-time federal contribution for seed funding up to $750 thousand.

Contributions are:

  • non-repayable for not-for-profit organizations or provinces and territories, except for seed funding contributions, which will be conditionally repayable;
  • repayable for for-profit organizations, including seed funding.

Eligible project costs will normally be shared between AAFC and the applicant as follows:

  • a maximum of 85% AAFC and a minimum of 15% not-for-profit organizations;
  • a maximum of 50% AAFC and a minimum of 50% for-profit organizations;
  • 60% from AAFC and 40% from the provinces and territories.

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

Applicant must be:

  • not-for-profit and for-profit organizations;
  • provincial and territorial governments;
  • legal entities capable of entering into legally binding agreements.

Applications Steps:

1

complete and submit a Project Summary form (stage 1) - helps to determine eligibility and alignment with program criteria and priorities, prior to preparing a full application. This will also facilitate a discussion between the applicant and program staff about the project.

2

submit a full application (stage 2), if invited.

Documentation Needed:

The applicant must submit:

  1. 1
     a completed application form, signed by the applicants’ authorized representative(s);
  2. 2
    a completed work plan listing all activities, activity lead(s) / contractor(s), and detailed description of the work undertaken;
  3. 3
     a completed budget with forecasted total project costs by activity, cost category and fiscal year and sources of funding;
  4. 4
    a copy of the applicant organization's Certificate of Incorporation or Articles of Incorporation;
  5. 5
    the organization's annual financial statements (audited or review engagement) for the past two years or since the date of organization start-up;
  6. 6
    Letters of Financial Support from all organizations providing a cash or in-kind contribution to the project as per the Budget, if applicable;
  7. 7
    Project Endorsement Letters/ Letters of Support from organizations indicating they believe there is a need for the proposed project for the sector, if applicable;
  8. 8
    Capital Asset Pre-approval for Capital Costs to be purchased for the project that are $10,000 or more.

Other Things to Note:

  1. 1
    AgriRisk Initiatives Administrative Capacity Building Stream is open to receive project summaries addressing new financial tools or climate change risk.
  2. 2
    Project Summaries are accepted on a continuous basis until program funds have been allocated, or until otherwise posted on this website.
  3. 3
    Total ARI program funding is approximately $55 million over five years, with the program ending March 31, 2023.

About the author 

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business.
Click here to learn more about Moe's background and how he can help your business.

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