Understanding the AgriRecovery Initiative for Alberta Farmers
To aid livestock producers who were affected by the 2023 drought, the Canada-Alberta Drought Livestock Assistance initiative has added 23 more eligible regions and extended the application deadline, providing a lifeline to individuals dealing with the aftermath of severe weather events. Funding is provided through the Sustainable Canadian Agricultural Partnership (Sustainable CAP).
Key Features of the AgriRecovery Initiative for Farmers
Livestock producers in eligible regions who altered their grazing practices due to drought conditions for more than 21 days can apply for financial support to cover losses incurred to manage and maintain female breeding animals. A minimum of 15 animals per type of livestock are required to qualify.
The initiative opened on January 29, 2024 and applicants may receive payments of up to $150 per head. The application deadline is February 22, 2024, and extraordinary costs can be incurred until March 31, 2024. This expansion also gives producers who were already eligible another opportunity to apply.
For more information on expansion of livestock drought recovery support for 2023, click here.
Accounting and Advisory Support for Business Owners
KWB Accountants & Advisors understands the unique financial challenges faced by business owners and is dedicated to providing guidance tailored to the agricultural sector’s specific needs.
To learn more about how KWB can help you simplify your accounting, improve your profit, and achieve your goals, book an introductory meeting here.