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Support Program for Bee Businesses│La Financière agricole du Québec

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Value

Maximum of $10,000.

Description

The Support Program for Bee Businesses offers a reimbursement of a portion of the contribution of beekeeping businesses that subscribe to the Beekeeping Crop Insurance (ASREC) coverage of the Bee Sub-Group and the Honey Sub-Group. This program aims to ensure the financial vitality of beekeeping businesses while highlighting their essential contribution to agriculture through pollination. The program has been in effect since April 1. 2022 and represents a commitment of $1 million over a period of up to 5 years.

Eligible Applicants

To be eligible, you must be insured for Bee or Honey protection and meet the eligibility requirements of the ASREC program, which includes compliance with Good Production Practices.

Eligible Expenses

The maximum financial assistance for Bee or Honey coverage is $5,000 per insurance year, for a maximum of $10,000 for a company that is a member of both coverages.

The financial assistance rate will be set by La Financière agricole du Québec for each insurance year concerned, starting with the 2022 insurance year for the Honey subgroup and 2023 for the Bees subgroup.

For the first year of the program, the amount of the reimbursement is equal to 40% of the beekeeping business’s contribution. As a result, an average Honey Plan member who paid a $5,200 contribution in 2021 will increase to a $3,120 contribution in 2022.

Remember that this reimbursement is in addition to the new catastrophe component, which reduces your contribution by 4 to 11% depending on the coverage option chosen.

Deadline Date

Ongoing. Please click the link indicated below for update.

Contact

Contact Name: La Financière agricole du Québec

Phone Number: 1-800-749-3646

Website: https://www.fadq.qc.ca/programme-de-soutien-aux-entreprises-apicoles

Industry:

Agriculture

Location:

Quebec

Tags:

Beekeeping

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Contact

1-780-297-6177
davidk@albertabusinessgrants.ca

Alberta Business Grants
Edmonton, Alberta
Canada

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