AgriInvest

AgriInvest accounts help agricultural producers protect their margin from small declines.  Unless otherwise advised, each program year, the Participants will make a deposit to their AgriInvest accounts and receive a matching contribution from the federal and provincial governments. Participant deposits are based on 1.5% of their allowable net sales for the program year.  Participants will have the flexibility to use the funds to cover small margin declines or for risk mitigation or other investments.

The AgriInvest account is a tiered interest-bearing account with unlimited access and no monthly or day-to-day service fees.  Interest will compound daily and pay out monthly.

How is AgriInvest different than previous programs?

In previous programs - such as CAIS and NISA - there were separate funds for the participant's portion and the administration's portion.  All of the AgriInvest funds - both the participant portion and the matching Administration portion - will be on deposit in a single account at a financial institution.

Participants can have only one AgriInvest account in one financial institution at any one time.  If they wish to move their accounts, there is a special transfer process.

There is no trigger for withdrawals.  Withdrawals are totally at the discretion of the participant.

How do I know if I am Eligible?

To be eligible to participate in AgriInvest for program year, a participant must:

  • farm as an Individual, Corporation, Cooperative Status Indian or Trust;
  • carry on the business of farming in Canada for the program year;
  •  report farming income (or loss) to the CRA for tax purposes for the program year; and
  •  submit your AgriInvest program form by the application deadline.

If you have any questions about the program speak to one of our Wealth Services Representatives or visit the program website at www.agr.gc.ca/agriinvest or call AAFC toll free at 1-866-367-8506.