Agriculture and Agri-Food Canada (AAFC) – AgriRisk Initiatives (ARI) – Administrative Capacity Building (ACB) Stream (2022)
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:
- responding to diseases in livestock and crops,
- protecting producers from severe market price fluctuations,
- 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.
Eligibility:
Applicant must be:
Applications Steps:
Applicants must:
Documentation Needed:
The applicant must submit:
- a completed application form, signed by the applicants’ authorized representative(s);
- a completed work plan listing all activities, activity lead(s) / contractor(s), and detailed description of the work undertaken;
- a completed budget with forecasted total project costs by activity, cost category and fiscal year and sources of funding;
- a copy of the applicant organization’s Certificate of Incorporation or Articles of Incorporation;
- the organization’s annual financial statements (audited or review engagement) for the past two years or since the date of organization start-up;
- Letters of Financial Support from all organizations providing a cash or in-kind contribution to the project as per the Budget, if applicable;
- Project Endorsement Letters/ Letters of Support from organizations indicating they believe there is a need for the proposed project for the sector, if applicable;
- Capital Asset Pre-approval for Capital Costs to be purchased for the project that are $10,000 or more.
Other Things to Note:
- AgriRisk Initiatives Administrative Capacity Building Stream is open to receive project summaries addressing new financial tools or climate change risk.
- Project Summaries are accepted on a continuous basis until program funds have been allocated, or until otherwise posted on this website.
- Total ARI program funding is approximately $55 million over five years, with the program ending March 31, 2023.
When It Ends:
Ongoing
Deadline:
Rolling deadline