Agriculture and Agri-Food Canada

Agriculture and Agri-Food Canada

September 14, 2009 14:57 ET

AgriInvest Deposit Notices in Farmers' Hands

OTTAWA, ONTARIO--(Marketwire - Sept. 14, 2009) - 2008 AgriInvest Deposit Notices will start appearing in producers' mailboxes this week to let them know how much they can deposit into their AgriInvest accounts to receive matching government contributions.

AgriInvest provides producers with flexible coverage for small income declines, as well as support for investments to mitigate risks or improve market income. With an AgriInvest account, producers make a deposit based on a percentage of their Allowable Net Sales and receive matching contributions from federal and provincial governments.

For 2008, Agriculture and Agri-Food Canada (AAFC) is holding AgriInvest accounts, and all deposits and withdrawal requests must be made to AAFC. Officials continue to work with financial institutions toward having them hold AgriInvest accounts in the future.

The Deposit Notices provide producers with their matchable deposit amount and current account balance. Producers have 90 days from the issue date on the Deposit Notice to make a deposit. They have the flexibility to withdraw funds at any time throughout the year.

AgriInvest is delivered by AAFC in all provinces except Quebec where it is delivered by La Financiere agricole. AgriInvest is a business risk management program under Growing Forward, a federal-provincial-territorial initiative.

For more information on AgriInvest, producers can visit the program website at www.agr.gc.ca/agriinvest or call AAFC toll free at 1-866-367-8506.

Contact Information

  • Agriculture and Agri-Food Canada
    Ottawa, Ontario
    Media Relations
    613-773-7972
    1-866-345-7972