AgriInvest helps producers manage small income declines. Each year, producers can make a deposit into an AgriInvest account, and receive a matching contribution from federal and provincial governments. Producers have the flexibility to withdraw the funds at any time to cover small margin declines or for risk mitigation and other investments.
AgriInvest is part of the Growing Forward suite of federal-provincial-territorial Business Risk Management programs. Growing Forward is a commitment to Canada’s agriculture sector that’s focused on achieving results, reflects input from across the sector, and delivers programs that are simple, more effective and tailored to local needs.
When you open your new AgriInvest account, Turtleford Credit Union will notify Agriculture and Agri-Food Canada (AAFC) that you’ve opened an account, and any existing AgriInvest funds will be transferred to your new account. Moving your accounts closer to where you live and work gives you the flexibility to keep track of your funds easily and to earn a competitive rate of interest on your deposits.
To learn more about AgriInvest contact us, visit the program website at www.agr.gc.ca/agriinvest, or call AAFC toll free at 1-866-367-8506.