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:


  1. responding to diseases in livestock and crops,

  2. protecting producers from severe market price fluctuations,

  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.

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:

Applicants must:

Documentation Needed:

The applicant must submit:

  1. a completed application form, signed by the applicants’ authorized representative(s);
  2. a completed work plan listing all activities, activity lead(s) / contractor(s), and detailed description of the work undertaken;
  3. a completed budget with forecasted total project costs by activity, cost category and fiscal year and sources of funding;
  4. a copy of the applicant organization’s Certificate of Incorporation or Articles of Incorporation;
  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. Letters of Financial Support from all organizations providing a cash or in-kind contribution to the project as per the Budget, if applicable;
  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. Capital Asset Pre-approval for Capital Costs to be purchased for the project that are $10,000 or more.

Other Things to Note:

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

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