CAP was created to further economic growth for Ontario’s agri-food and agri-products sectors.All cost-share funding assistance is merit-based, and project funding amounts are individually established based on the new and updated project categories. Cost-share funding will support targeted projects in three priority areas, with research and innovation continuing to be important across all programming:
- Economic Development in the agri-food and agri-products sectors
- Environmental Stewardship to enhance water quality and soil health
- Protection and Assurance to reinforce the foundation for public trust in the sector through improved assurance systems in food safety and plant and animal health
This program protects producers from large declines in their farming income due to market conditions, production loss or increased costs of production.
The Advance Payments Program (APP) provides producers with a cash advance on the value of their agricultural products during a specified period. The APP is a federal financial loan guarantee program that gives producers easier access to credit through cash advances. Program is managed by Agriculture Credit Corporation.
AgriInvest is a self-managed producer-government savings account that allows producers to set money aside which can then be used to help risk manage small income shortfalls, or to make investments to reduce on-farm risks. Producers will continue to have the flexibility to withdraw funds at any time throughout the year.
AgriRecovery is a framework that allows federal, provincial and territorial governments to work together on a case-by-case basis to assess natural disasters (e.g., extreme weather, disease, pests, etc.) affecting Canadian farmers and respond with targeted, disaster-specific programming when assistance is needed beyond existing programs (AgriStability, AgriInvest, AgriInsurance, CFIA, etc.).
Ontario's Risk Management Program (RMP) helps producers manage risks beyond their control, like fluctuating costs and market prices. RMP works like insurance to help Ontario producers offset losses caused by low commodity prices and rising production costs.