To be eligible, your project must involve:
- The construction, renovation or improvement of a building
- The purchase of production equipment and non-self-propelled machinery
- The initial acquisition of perennial plants or breeding animals
- The purchase of targeted self-propelled machinery used to carry out cultivation operations or for animal feeding;
- Carrying out work aimed at the agri-environmental enhancement of cultivated land
- Conducting work such as digging a well or a water reservoir, as well as developing a water supply or irrigation system
- The implementation of on-farm agri-environmental projects
In addition, to benefit from the Growth Investment Program, your project must:
- Increase the production volume, performance or profitability of your company
- Comply with animal welfare standards, organic production, the California standard for lead in maple syrup production or any new requirements applicable to agri-food production
- Mark the start of your farming or agri-food business
- Improve land into crops
- Adopt agri-environmental practices
The self-propelled machinery targeted can be one of the following:
- Combine harvester
- Self-propelled harvester
- Self-propelled mower
- Self-propelled forage harvester
- Self-propelled sprinkler
- Self-propelled total mixed ration system
The Growth Investment Program has four components, each with specific eligibility conditions.
Some projects are not eligible:
- Loan consolidation and secured loans conversion
- Share purchasing and/or permanent working capital financing
- Quota purchasing
- The purchase of land, a house, farm or other existing buildings, except the purchase of land under Component 4: Young Entrepreneurs
- Projects with the primary purpose of building or renovating administrative offices
- Investments resulting from negligence or related to the regular annual maintenance of buildings, machinery or equipment
- Current operating expense financing, including administrative expenses, including FADQ fees
- Sales taxes (GST and QST)
- Investments made outside Québec
- Permanent short-term needs
