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:
- 1responding to diseases in livestock and crops,
- 2protecting producers from severe market price fluctuations,
- 3protecting 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:
Eligible project costs will normally be shared between AAFC and the applicant as follows:
When It Ends:
Ongoing
Deadline:
Rolling deadline
Eligibility:
Applicant must be:
Applications Steps:
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.
submit a full application (stage 2), if invited.
Documentation Needed:
The applicant must submit:
- 1a completed application form, signed by the applicants’ authorized representative(s);
- 2a completed work plan listing all activities, activity lead(s) / contractor(s), and detailed description of the work undertaken;
- 3a completed budget with forecasted total project costs by activity, cost category and fiscal year and sources of funding;
- 4a copy of the applicant organization's Certificate of Incorporation or Articles of Incorporation;
- 5the organization's annual financial statements (audited or review engagement) for the past two years or since the date of organization start-up;
- 6Letters of Financial Support from all organizations providing a cash or in-kind contribution to the project as per the Budget, if applicable;
- 7Project Endorsement Letters/ Letters of Support from organizations indicating they believe there is a need for the proposed project for the sector, if applicable;
- 8Capital Asset Pre-approval for Capital Costs to be purchased for the project that are $10,000 or more.
Other Things to Note:
- 1AgriRisk Initiatives Administrative Capacity Building Stream is open to receive project summaries addressing new financial tools or climate change risk.
- 2Project Summaries are accepted on a continuous basis until program funds have been allocated, or until otherwise posted on this website.
- 3Total ARI program funding is approximately $55 million over five years, with the program ending March 31, 2023.
