Type of Program:
AgriInvest is a self-managed producer-government savings account designed to help farmers manage small income declines and make investments to manage risk and improve market income.
Farmers receive a matching contribution of up to $10,000 per year to help manage income declines or to make investments to mitigate on-farm risks. Their AgriInvest account grows as they make deposits, receive matching government contributions and earn interest.
Comments on Funding:
Funding is equal to 1.0% of the Participant’s Allowable Net Sales, up to a maximum of $10,000 (being 1.0 percent of $1 million in Allowable Net Sales).
When It Ends:
Individual applicants must complete their AgriInvest form and send it to:
Corporation, Co-operative or Special Individual applicants must contact their local administration for a form. The local administration for Ontario is Agricorp.
Applicants must file:
Other Things to Note:
AgriInvest is one of the three federal-provincial-territorial (FPT) Business Risk Management (BRM) programs under the Canadian Agricultural Partnership. The other two are: AgriInsurance and AgriStability.