In the agriculture business, profits can literally change with the weather. To help protect you from income declines, the Government of Canada has established AgriInvest. It allows you to deposit up to 1.5% of your Allowable Net Sales (ANS) each year and receive matching government contributions.
The AgriInvest account is self-managed and very straightforward. This interest-bearing, no-fee account allows you to:
- build a contingency fund to buffer you from the economic effects of failing crops, poor economic conditions, etc.
- make investments to reduce on-farm risks
- take advantage of matching government contributions
Learn more about AgriInvest here.
To find out if you qualify for this program or to set up an account, contact us.