AgriRisk Initiatives: Administrative Capacity Building Stream: Step 1. What this program offers

Step 1. What this program offers

Important notice

AgriRisk Initiatives Administrative Capacity Building Stream is open to receive project summaries addressing new financial tools or climate change risk.

Project Summaries are accepted on a continuous basis until program funds have been allocated, or until otherwise posted on this website.

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:

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, and to implement and test climate change risk tools.

Example of issues that new financial tools (such as insurance products, options / futures / price pooling and other hedging 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 financial tool 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)

Examples of issues that climate change tools can address are, but not limited to:

  • improving measurement and tracking of climate change impacts on farms
  • increasing producer knowledge of climate change adaptation strategies
  • updating regional climate change risk management plans

Eligible activities for this priority include:

  • implementing climate change adaptation tools or strategies on a pilot scale
  • delivery of the new tool or training program
  • updating technical data
  • communications, advertising, and marketing

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)