Techno-Economic Profile Assistance Program
This program is intended to allow La Financière agricole du Québec (FADQ) to provide financial support for agricultural producers’ associations in sectors not covered by the Farm Income Stabilization Insurance Program (ASRA) or supply management for preparing a techno-economic profile of their production activity, a secondary activity related to this production or both types of activities. This financial assistance can reach a maximum of $90,000 per profile to finance up to 75% of the costs.
The program came into effect on May 6, 2022, with a $450,000 budget for the 2022–2023 fiscal year.
The results obtained from a techno-economic profile provide a source of specific, current, and quality information for the various production sectors. These data can be used by both trade associations and farm businesses to guide their decision-making regarding the management and strategic planning of their operations. Access to this type of information allows for the comparison of technical, economic, and financial performance between businesses in the same sector. This comparison exercise helps managers diagnose the strengths and weaknesses of their farm business and thereby make any necessary adjustments.