Business Risk Management programs

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Blog Entries

April 3, 2023

The Government of the Northwest Territories (GNWT) has renewed a five-year funding partnership with the Government of Canada that will invest $7.6 million over five years to strengthen the competitiveness, innovation, and resiliency of the Northwest Territories (NWT) agriculture and agri‐food sector.

Read: Renewed and Expanded Funding for Food Production in the Northwest Territories

In addition to providing investment for a wide variety of agriculture and agri-food projects, the Sustainable CAP includes, for the first time, Business risk management programs to help NWT producers and growers address risks that threaten the viability of their operations and are beyond their capacity to manage.

Two business risk management programs are now available to NWT producers and growers and will be cost-shared by government:

The AgriStability program can protect producers and growers against large income declines from production loss, increased costs and market conditions. Read more, or for information on participating, visit Who is eligible? 

The AgriInvest program is a self-managed producer-government savings account designed to help producers and growers manage small income declines and make investments to manage risk and improve market income. Read more, or for information on participating, visit Who is eligible? 

For more information on agriculture programs, contact your Department of Industry, Tourism and Investment (ITI) regional office.

Investments in the NWT’s Agriculture and Agrifood Sector support objectives identified in the Mandate of the Government of the Northwest Territories (2019-2023) to Increase economic diversification by supporting growth in non-extractive sectors and Increase food security through locally produced, harvested, and affordable food.