AgriRisk Initiatives: Administrative Capacity Building Stream: Step 1. What this program offers
AgriRisk Initiatives Administrative Capacity Building Stream is now open.
Application forms are accepted on a continuous basis until program funds have been allocated, or until otherwise posted on this website.
The program ends March 31, 2023.
Step 1. What this program offers
The AgriRisk Initiatives (ARI) is a five-year program under the Canadian Agricultural Partnership that supports the development of new risk management tools. It is divided into three program components:
- ARI Research and Development (R&D) stream – contribution funding
- ARI Microgrants – grant funding
- ARI Administrative Capacity Building (ACB) stream
Total ARI program funding is approximately $55 million over five years, with the program ending March 31, 2023.
AgriRisk Initiatives: Administrative Capacity Building Stream
The ARI ACB stream provides funding to implement and test new financial tools which allow producers to manage a defined business risk.
Example of issues that new tools can address are, but not limited to:
- responding to diseases in livestock and crops
- protecting producers from severe market price fluctuations
- protecting against loss from contracts in new markets
Eligible activities include:
- administration for delivering a risk management tool (such as office space, material, IT systems)
- establishment and adaptation of organizational structure for delivery of the new tool
- updating actuarial, financial or technical data
- communications, advertising and marketing
- development of work processes, policy wordings and product options
- seed funding – the creation of a capital reserve fund for an insurance fund or similar fund (support for seed funding will be conditionally repayable)
Projects under ARI ACB should also:
- include financial support from the applicant
- demonstrate appropriate stakeholder involvement and support
- focus on defined risks
- address major risks beyond those considered normal business or on-farm risks (normal risks are considered those that have a high probability of occurrence)
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