Step 1. What this program offers
The AgriRisk Initiatives: Research and Development Contribution Funding 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:
- ARI Research and Development (R&D) stream - contribution funding
- ARI Microgrants
- ARI Administration Capacity Building (ACB) stream
Total ARI program funding is approximately $55 million over five years, with the program ending March 31, 2023.
ARI R&D Stream - Contribution Funding
The ARI R&D stream prioritizes projects involving new financial tools (such as insurance products, options / futures / price pooling and other hedging tools) which allow producers to manage a defined business risk.
Issues that can be addressed are, but not limited to:
- responding to diseases in livestock and crops
- protecting producers from severe market price fluctuations
- coverage for producers’ revenue risk
- protecting against loss from contracts in new markets
The R&D stream also prioritizes projects addressing climate change risk.
Issues that can be addressed under this priority include, but are 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 both priorities include, but are not limited to:
- data collection, analysis and modeling (using satellite data, sensor data, large datasets, machine learning, etc.)
- actuarial work into potential financial tools
- testing / determining the feasibility of implementing financial tools, including those available in other jurisdictions
Other activities that may be considered for support, targeting minor and emerging agricultural sectors (such as new or minor crops, etc.), include the development of new:
- risk assessments and strategies
- educational and decision making tools to manage risk
Projects under ARI R&D should also:
- include financial support from the applicant
- demonstrate appropriate stakeholder involvement and support (producers, financial insurance/re-insurance companies/reciprocals, etc.)
- 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)
Ineligible project activities or objectives under ARI R&D include those that:
- update or maintain existing tools, such as software applications
- duplicate the work of projects already funded or being funded under AgriRisk or through other AAFC programs
- carryout ongoing business/operations
- influence or lobby government(s)