2008 AgriInvest Deposit Notices will started appearing in producers' mailboxes Septebmer 14, 2009 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.

Previous News:        2007 Agri Invest Notices were  mailed to producers starting in late March

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Canadian farmers will soon start receiving government contributions under AgriInvest without any requirement to make matching producer deposits for the first year.  Federal, provincial and territorial governments are waiving the deposit requirement as a transition measure for 2007 AgriInvest.

Starting with the 2008 program year, producers will have to make a deposit to their Agri-Invest Account in order to receive a matching government contribution. Most producers will receive information by direct mail on how to apply for the 2008 program.  The deadline to apply without penalty is September 20, 2009 and the final deadline with penalty is December 31, 2009.

For more information producers in all provinces and territories except Quebec can call toll free 1-866-367-8506 or visit the program website at www.agr.gc.ca/agriinvest.

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