The AgriRisk Initiatives (ARI) program supports the research and development as well as the implementation and administration of new risk management tools for use in the agriculture sector. ARI is a Growing Forward 2 (GF2) Business Risk Management (BRM) initiative.
The ARI program will provide time-limited financial and technical assistance to approved projects. The assistance of the ARI program is designed to help establish relationships between agriculture industry stakeholder organizations (i.e., agriculture, agri-food and agri-products sectors), and private sector financial services agencies (such as actuaries, underwriters, brokers, insurance, and investment and legal advisors). As a result of these relationships, the private sector will be able to expand its role in agricultural risk management, and ARI-funded projects will benefit from private sector expertise and experience.
The ARI consists of two business lines:
- Research and Development (R&D): The ARI program supports R&D by providing federal-only, time-limited financial assistance to project proponents to undertake R&D activities related to the development of new risk management tools.
- Administrative Capacity Building (ACB): The ARI-ACB component is the cost-shared portion of the ARI program. The objectives are:
- To support pilot administrations during early years of delivering new risk management tools.
- To demonstrate the operational viability of new risk management tools in order to attract and secure private sector support.
Approved R&D projects can be eligible for up to $500,000.00 support per fiscal year.
For ACB projects, the federal government will make available up to $8 million per year in total, which is to be cost-shared with the provinces/territories.
The Western Livestock Price Insurance Program helps cattle and hog producers in Western provinces manage price risks.
AgriRisk Initiatives Forum
On March 5th and 6th, 2014, representatives from federal and provincial governments, industry, and the agricultural and financial sectors participated in the AgriRisk Initiatives Forum. Throughout the two days, a variety of perspectives were discussed and participants provided feedback and suggestions in response to information presented during the Forum.
For more information, please email us at email@example.com or call 1-877-246-4682.
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