October 17, 2018 – Victoria, British Columbia – Agriculture and Agri-Food Canada
Indigenous communities in B.C. interested in developing agriculture businesses and supporting local food security will soon have more tools to plan and pursue those opportunities.
Professional and qualified business consultants with experience in building agriculture ventures are able to provide site-specific guidance on the types of crops or livestock that may do well in the community, with further support to develop comprehensive financial and business plans to help ensure a successful agriculture business.
Supporting the planning of farming projects builds food security, which is of benefit to Indigenous people around the province. Indigenous communities, Tribal Councils, and Economic Development Corporations are eligible to apply for this support through the B.C. Indigenous Agriculture Development Program, and access funding provided by the governments of Canada and British Columbia.
The program criteria and funding available includes:
- Providing successful applicants up to $5,000 of services from a qualified business consultant to complete a feasibility assessment of agricultural development options and business planning functions related to agriculture. The assessments could include everything from reviewing the current agricultural resource base, to providing economic analysis of the agricultural options, with the end goal of identifying opportunities with the highest likelihood to succeed.
- Once the important first step of identifying the best options is completed, funding of up to $10,000 will be available to work with a qualified business consultant to conduct agriculture financial and business planning. The plans could include business and marketing strategies, costs of production and financial analysis, operational planning as well as support from the consultant and technical training to help build the skills and capacity of the successful applicant to implement their agriculture or agri-food business venture.
The B.C. Indigenous Agriculture Development Program is open for applications and will run for the duration of the five-year Canadian Agricultural Partnership (the Partnership). The Partnership is a federal-provincial-territorial $3-billion investment that includes $2 billion in cost-shared strategic initiatives delivered by the provinces and territories, and $1 billion for federal programs and services, through March 2023.