RDAR — On-Farm Climate Action Fund (OFCAF)
Highlights
Investing in this program is a smart move for your farm. You have the chance to receive financial support for adopting new beneficial management practices. These practices focus on improving nitrogen management, enhancing soil health, and strengthening rotational grazing systems. Not only will this help you reduce greenhouse gas emissions, but it will also make your operations more efficient and environmentally friendly.
By participating, you position your farm as a leader in sustainability while enjoying financial assistance tailored to your unique needs. There's no maximum or minimum funding limit, allowing you flexibility in selecting what works best for you. Embracing these new practices can increase your overall productivity and ensure long-term success for your business. Take advantage of this valuable opportunity; it could reshape your operations and benefit both your farm and the environment.
Financing Details
The financing offered is in the form of Grants. This means you won’t have to repay the money you receive, making it a fantastic opportunity for your farm.
Repayment Terms and Interest Rates
Since this is a grant, there are no repayment terms or interest rates to worry about. Once you receive the funds for your approved activities, they are yours to use without any financial strings attached.
Eligible Expenses
You can use the funds for specific activities aimed at improving sustainability on your farm. The eligible expenses include:
- Improved nitrogen management practices
- Enhanced soil health through cover crops
- Strengthened rotational grazing systems
Non-Eligible Expenses
The funds cannot be used for activities that are part of your routine operations or any practices already in place on your farm. It's important that the practices funded are new.
Fees
There are no fees associated with this program. It's all about supporting you in your efforts to reduce greenhouse gas emissions and enhance sustainability without adding financial burdens.
Qualifications
- Location: Business must be located in Alberta.
- Eligible Activities: Business must adopt new beneficial management practices (BMPs) in the areas of:
- Improved nitrogen management
- Enhanced soil health with cover crops
- Strengthened rotational grazing systems
- Practice Requirement: Activities must be new practices, not already routine for the farm, and must be pre-approved by RDAR.
- Employee Count: No minimum or maximum number of employees required.
- Revenue: No minimum or maximum revenue qualifications.
- Legal Structure: All legal structures are applicable.
- Profit Structure: All profit structures are applicable.
Disqualifications:
- No disqualifying factors mentioned.
Description
This program provides financial support to help you reduce greenhouse gas emissions and improve sustainability on your farm. You can receive funding for implementing new management practices that are aimed at improving nitrogen usage, enhancing soil health with cover crops, and strengthening your rotational grazing systems. The funding allows you to adopt practices that can make your farm more efficient and environmentally friendly.
The money is directed towards beneficial management practices (BMPs) you haven't already been using. That means it encourages you to innovate and adopt fresh methods to enhance your operations. It's a valuable opportunity to not only contribute to a healthier environment but also improve the overall productivity of your business.
With this program, you can access support without any strict limits on your business's size or revenue. There's no maximum or minimum funding set, which gives you the flexibility to choose what best suits your needs. By taking part in this initiative, you position your business as a leader in sustainable farming while also benefiting from financial assistance to adopt these new practices.
Program Steps
Visit the program's official website to gather all necessary information about the application process.
Prepare the required documentation. You will need:
- Proof of business registration
- A detailed plan outlining your intended beneficial management practices (BMPs)
- Financial statements for the past two years
- Evidence of existing practices and any prior efforts to improve sustainability
- Budget estimates for the proposed innovations
Complete the application form provided on the program's website. Ensure all information is accurate and complete.
Submit your application along with the required documentation either online or via the specified submission method.
Await confirmation of your application, which may include additional steps or request for further information.
Once approved, follow the guidelines to implement your new management practices and keep records of all related expenses for reimbursement.