July 11, 2011
Growers: don't miss out on 2010 AgriInvest benefits
AgriInvest helps producers manage small income declines, and provides support for investments to mitigate risks or improve market income. Your AgriInvest account, held at a participating financial institution of your choice, builds as you make annual deposits based on a percentage of your Allowable Net Sales and receive matching contributions from governments.

Because your AgriInvest account is self managed, you have the flexibility to withdraw your AgriInvest funds at any time by simply visiting your financial institution.

AgriInvest is delivered by Agriculture and Agri-Food Canada (AAFC) in all provinces except Quebec.

Participating in 2010 AgriInvest is easy:
Step 1: Complete and submit your 2010 AgriInvest form by the deadline
In Ontario, individuals participating in 2010 AgriInvest must submit form T1163: Statement A - AgriStability and AgriInvest Programs Information and Statement of Farming Activities for Individuals to the Canada Revenue Agency. Corporations must submit a Statement A (which is available through Agricorp) directly to Agricorp. For more information about the Statement A, please contact Agricorp at 1-877-838-5144.

If you have already submitted form T1163 to the Canada Revenue Agency earlier this year when applying for 2010 AgriStability, there's no need to complete another form. Agricorp will forward the information needed to calculate your 2010 AgriInvest benefits to AAFC.

The deadline to submit a 2010 AgriInvest form is September 30, 2011. Farmers can submit their 2010 AgriInvest form until December 31, 2011, but their matchable deposit will be reduced by 5 percent for each month or part of the month that the application is received after the September 30, 2011 deadline.

Step 2: Receive your 2010 AgriInvest Deposit Notice
AAFC will calculate your benefits based on the financial information reported on your application and send you a Deposit Notice outlining the amount you are entitled to deposit.

Step 3: Make your 2010 AgriInvest deposit
You have 90 days from the date your Deposit Notice was issued to make a deposit into your AgriInvest account at your financial institution. AAFC will process your deposit and credit your account with matching government contributions.

Step 4: Withdraw your AgriInvest funds when you need it most
You have the flexibility to withdraw your funds through your financial institution at any time.

For more information about AgriInvest, visit the website at www.agr.gc.ca/agriinvest or contact AAFC toll free at 1-866-367-8506.