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AgriRisk Initiatives (ARI): Research and Development Contribution Funding Stream

Value

The maximum AAFC contribution per applicant will not exceed $500,000 per fiscal year.

Description

The ARI R&D stream prioritizes projects involving new financial tools which allow producers to manage a defined business risk.

Note: AgriRisk Initiative (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

Eligible Applicants

Eligible applicants are not-for-profit organizations, which are:

  • industry associations
  • Indigenous groups
  • co-operatives, mutual insurance companies or reciprocals

Eligible applicants must be legal entities capable of entering into legally binding agreements.

Eligible Expenses

Project costs will only be eligible from the date a project is approved. Payments will only be made once a funding agreement is signed.

Eligible activities include:

  • 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 which target 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

Deadline Date

   Continuous basis until program funds have been allocated. The program ends March 31, 2023.
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