Financial Assistance Available


Resources are available to help farm businesses offset the increasing cost of managing COVID-19. We have tried to capture a number of key resources that may be of interest to members below.

Emergency On-Farm Support Fund - Applications are now being accepted for the Emergency On-Farm Support Fund in certain provinces and territories, providing up to $100,000 per recipient in non-repayable funding for emergency COVID-19 response activities.

Emergency On-Farm Support Fund

Finding Personal Protective Equipment (PPE) for your staff
Personal Protective Equipment is an important component of health and safety practices on farms. Accessing sufficient PPE to support your workers can be difficult but tremendously important in preventing virus spread. The federal and provincial governments have created a PPE Supplier Directory for businesses to reference. Please click here to review options on accessing PPE.

Please alert FCO should shortages in PPE affect your business.

Funding programs for PPE
Cost-share funding is available to help address the cost of PPE purchased on or after March 15. For more information on this cost-share funding, see the link below:

http://www.omafra.gov.on.ca/english/cap/capproducers.htm.


Enhanced Agri-Workforce Protection Program (OMAFRA)
The Ontario Government has created the Enhanced Agri-Workforce Protection Program to help offset costs of managing COVID-19 on farms. The program is accessible to Ontario farms for activities such as:

  • Modifications throughout an agricultural operation, worker housing, or worker transportation systems to ensure appropriate safety with regards to physical distancing needs (e.g., physical barriers)
  • Providing workers with personal protective equipment and other approved safety supplies for use throughout an agricultural operation, worker housing or worker transportation systems
  • Cleaning and disinfection throughout an agricultural operation, worker housing or worker transportation systems
  • Providing arrangements to support worker accommodations and work-site mobility that are necessary to address an immediate health and safety issue
For more information, please see the link below:
http://www.omafra.gov.on.ca/english/about/agrifoodprogramguide.htm


Regional Relief and Recovery Fund - The federal government has announced nearly $1 billion in funding to support businesses and communities affected by COVID-19. The Regional Relief and Recovery Fund (RRRF) will provide relief for businesses who did not qualify for support through other COVID-19 recovery programs. This program will be delivered by Canada's 6 regional development agencies. To check the requirements for support, please click the regional development agency supporting your region below. If you did not qualify for support in other COVID-19 support programs, be sure to check the below delivery agent supporting your region:

Atlantic Canada - The Atlantic Canada Opportunities Agency (ACOA)
Quebec - Canada Economic Development for Quebec Regions
Canadian Territories - Canadian Northern Economic Development Agency (CanNor)
Southern Ontario - FedDev Ontario
Northern Ontario - FedNor Ontario
Western Canada - Western Economic Diversification Canada


COVID-19 Financial Support for Farmers and Food Processors - Information on various Federal Government relief programs aimed specifically at Agricultural sector businesses. For more information, please visit the link below:

COVID-19 Financial support for farmers and food processors


Financial Support Available to Residents and Businesses in British Columbia - British Columbians affected by the COVID-19 pandemic are able to access income supports, tax relief and direct funding for people, businesses and services. This compiled list of federal and provincial financial benefits is updated on an ongoing basis.

British Columbia COVID-19 Financial Programs


Funding for Market Development for Producers in British Colombia - The B.C. Investment Agriculture Foundation (IAF) is now accepting project applications under the B.C. Agrifood and Seafood Market Development Program.

Funded through the Canadian Agricultural Partnership, this five-year cost-shared program is designed to help B.C. producers, processors, cooperatives and associations identify, assess and develop market opportunities to increase their sales outside the province.

Investment Agriculture Foundation of British Columbia


Business Loans:

The Canada Emergency Business Account (CEBA) - provides interest-free loans of up to $40,000 to small businesses and not-for-profits, to help cover their operating costs during a period where their revenues have been temporarily reduced. This program has been implemented by banks and credit unions in collaboration with Export Development Canada.

Business owners can apply for support from CEBA through their banks and credit unions. This support is available until October 31.


The Business Credit Availability Program, Export Development Canada (EDC) is working with financial institutions to guarantee 80% of new operating credit and cash flow term loans of up to $6.25 million to small and medium-sized enterprises (SMEs).

This financing support is to be used for operational expenses and is available to both exporting and non-exporting companies.

This program is now available at various banks and credit unions. This support is available until June 2021.


Through the Business Credit Availability Program, Business Development Canada (BDC) is working with financial institutions to co-lend term loans of up to $6.25 million to SMEs for their operational cash flow requirements.

The program offers differing maximum finance amounts based on business revenues.

This program is now available at various banks and credit unions. This support is available until June 2021.


Through the Business Credit Availability Program, the Business Development Canada’s (BDC) Mid-Market Financing Program will provide commercial loans ranging between $12.5 million and $60 million to medium-sized businesses whose credit needs exceed what is already available through the Business Credit Availability Program and other measures.

BDC anticipates that qualifying companies will have annual revenues in excess of approximately $100 million. This support is available until June 2021. More information about this program is available here.


The Large Employer Emergency Financing Facility (LEEFF) provides bridge financing to Canada’s largest employers, whose needs during the pandemic are not being met through conventional financing, in order to keep their operations going.

The additional liquidity provided through LEEFF allows Canada’s largest businesses, their workers and their suppliers to remain active during this difficult time, and position them for a rapid economic recovery.

This program is delivered by the Canada Development Investment Corporation, in cooperation with Innovation, Science and Economic Development Canada and the Department of Finance – more information is available here.


Increased Lending Power for Farm Credit Canada - for more information on FCC's programs, please see the link below:
https://www.fcc-fac.ca/en/covid-19/program-details.html

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