AgriInvest

Manage Your Minor Income Shortfalls with AgriInvest

AgriInvest helps you manage small income declines, and provides support for investments to mitigate risks or improve market income. Your AgriInvest account builds as you make annual deposits based on a percentage of your Allowable Net Sales and receive matching contributions from federal, provincial, and territorial governments.

AgriInvest Deposits Move to Financial Institutions for 2009

For the 2009 program year, AgriInvest deposits will be made at participating financial institutions. Your 2009 AgriInvest Deposit Notice will include information on how to open an AgriInvest account at a participating financial institution of your choice. Moving AgriInvest accounts closer to where you live and work gives you the flexibility to keep track of your funds more easily and to earn a competitive rate of interest on your deposits.

The mailing of 2009 AgriInvest Deposit Notices to producers will start in July 2010 and will include an Account Initiation Form. You must complete and sign the Account Initiation Form and present it to a participating financial institution of your choice to open your new AgriInvest account. Your financial institution will notify Agriculture and Agri-Food Canada (AAFC) once you've opened an account and any existing AgriInvest funds will be transferred to your new account.

Participating in AgriInvest for 2009 is Easy

Step 1: Submit your 2009 AgriInvest application

Applying to AgriInvest is easy. The AgriInvest form is harmonized with the AgriStability form. The same financial information you submit for AgriStability will be used to calculate your AgriInvest benefit. Forms are available on the Publications and Forms page of this website or by calling AAFC toll free at 1-866-367-8506. The penalty-free deadline to apply is September 30, 2010. Applications will be accepted until December 31, 2010 with a penalty.

Step 2: Receive your 2009 AgriInvest Deposit Notice

Once your application is processed, you will receive a 2009 AgriInvest Deposit Notice showing the maximum amount you are entitled to deposit, and your current account balance.

Step 3: Visit a participating financial institution to open an AgriInvest account, and make your 2009 AgriInvest deposit

To open an account, bring your Account Initiation Form to any participating Financial Institution. You have 90 days from the date of your Deposit Notice to make a deposit and receive matching government contributions. After you make your deposit, AAFC will credit your account with matching government contributions.

Step 4: Withdraw your AgriInvest funds when you need it most

Once your deposit is processed and government contributions are credited to your AgriInvest account, you can withdraw your AgriInvest funds at any time through your financial institution.

AgriInvest accounts help producers protect their margin from small declines. AgriInvest replaces the coverage for margin declines of less than 15%, previously covered by the Canadian Agricultural Income Stabilization (CAIS) program.

Each year, producers will make a deposit into an AgriInvest account, and receive a matching contribution from federal and provincial governments.

Producers will have the flexibility to use the funds to cover small margin declines or for risk mitigation and other investments.

AgriInvest is delivered by the federal government in all provinces except Quebec.

In Quebec, AgriInvest is delivered provincially by La Financière agricole.

Growing Forward, a federal-provincial-territorial initiative