1 / 7

Growing Forward 2 AgriRisk Initiatives program

Growing Forward 2 AgriRisk Initiatives program. AgriRisk Initiatives (ARI) – Background and Objectives. New five-year, Business Risk Management (BRM) program under Growing Forward 2;

analu
Télécharger la présentation

Growing Forward 2 AgriRisk Initiatives program

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Growing Forward 2 AgriRisk Initiatives program

  2. AgriRisk Initiatives (ARI) – Background and Objectives • New five-year, Business Risk Management (BRM) program under Growing Forward 2; • Facilitate the development and adoption of new private sector or producer-funded agricultural risk management tools; • The ARI program consists of two streams: • Research and Development, and • Administrative Capacity Building

  3. Research and Development (R&D) • Funding • $3 million per year in federal-only funding • Objective • Support stakeholder groups in developing new risk management tools to fill identified gaps • Increase the participation of the private sector in providing risk management tools • Projects involve • Risk assessments, including sector risk profiles and benchmarking analyses • Tool development • Insurance-based (e.g. price, mortality, business interruption) • Enhancing market returns (e.g. price discovery, hedging and options, etc.)

  4. Administrative Capacity Building (ACB) projects • Funding • $8 million available federally to be cost-shared with the provinces/territories • Objective • Support pilot administrations or early years of delivering new tools • Private sector or industry-led (not-for-profit) administrations • Provincial-territorial governments • Demonstrate viability of new tools and attract long-term private sector support • Projects involve • Industry consultation and product fine-tuning • Launch strategy, communications products and advertising • Securing financial requirements to launch the solution (e.g. licensing fees) • Securing entity delivery infrastructure (e.g. office space, materiel, IT systems) • Day-to-day costs of delivery (e.g. salaries, office expenses)

  5. Key principles guide both the R&D and ACB projects • Producers to pay 100% of the cost of new coverage (e.g. premiums for insurance coverage) • Responsive to producers’ demonstrated need and willingness to pay for a new risk management tool • Develop and deliver viable tools that are consistent with BRM principles (e.g. limit trade implications, distortion of production or marketing decisions, etc.) • Look to share benefits (e.g. products, processes, data, expertise, etc.) that are transferable to other provinces and territories, or to projects for other commodities • Consider the role of private sector in delivery of new tools • Time-limited requirement for government funding support

  6. Conclusion By facilitating the development and adoption of private-sector or other producer-paid agricultural risk management tools, the AgriRisk Initiatives program will increase producers’ ability to address the risks they face.

  7. ARI – Contact Information • Inquiries regarding the AgriRisk Initiatives program can be directed to: • www.agr.gc.ca/agririsk • Ari-iar@agr.gc.ca • 1-877-246-4682 (toll-free)

More Related