Features Production Research
AgriInvest deposit notices in farmers’ hands

September 15, 2009,
Ottawa, Ont – 2008 AgriInvest deposit notices will soon start appearing in
producers’ mailboxes to let them know how much they can deposit into their
AgriInvest accounts to receive matching government contributions.

September 15, 2009,
Ottawa, Ont – 2008 AgriInvest deposit notices will soon start appearing in
producers’ mailboxes 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 Financière 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.