AgriInvest
Growing Forward 2: 2013-2018
Federal, provincial and territorial (FPT) Ministers of Agriculture have reached agreement on the five-year Growing Forward 2 policy framework. Governments will continue to deliver a complete and effective suite of business risk management (BRM) programs.
Under this new agreement, changes to AgriStability and AgriInvest will be in effect for the 2013 program year. Until then, existing program parameters will remain in place for the 2011 and 2012 program years. Read about the changes to the BRM programs.
For more information on AgriStability and AgriInvest under Growing Forward 2, see the Growing Forward 2: AgriStability and AgriInvest Fact Sheet.
Your AgriInvest Account
Getting up to date information on your AgriInvest account just got easier. My AAFC Account provides convenient and secure access to your personal AgriInvest information on-line.
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 (ANS) and receive matching contributions from federal, provincial, and territorial governments.
After you submit a program year application, you will receive an AgriInvest Deposit Notice outlining the amount you can deposit into your account that is eligible for matching government contributions.
Deposits are made to your AgriInvest account held at a participating financial institution. Simply bring your Deposit Notice to your financial institution, and deposit any amount up to the maximum matchable deposit shown on your notice (providing your account balance does not exceed your account balance limit). You have 90 days from the issue date on the Deposit Notice to make a deposit to your account. Your financial institution will notify Agriculture and Agri-Food Canada once you have made a deposit and the matching government contributions will be credited to your account. You have the flexibility to withdraw funds at any time throughout the year.
AgriInvest is cost shared on a 60/40 basis between the federal, provincial and territorial governments.
Objectives
AgriInvest is a self-managed producer-government savings account that allows producers to set money aside which can be used to recover from small income shortfalls, or to make investments to reduce on-farm risks.
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