About the BC Hydro Peace Agricultural Compensation Fund
As part of the Site C Agricultural Mitigation and Compensation Plan, BC Hydro has established a $20 million fund to support agricultural production and related economic activity in the Peace Region. The BC Hydro Peace Agricultural Compensation Fund is governed by a regional decision-making board, responsible for overseeing the management and disbursement of the fund.
The 10-member board is comprised of six members that are appointees of regional agricultural associations or the Peace River Regional District (PRRD), one member who is a Peace River Valley agricultural producer and three members-at-large.
The three members-at-large are all agricultural producers in the B.C. Peace Region and were appointed for different length terms, to ensure that one member-at-large position is open each year.
Features and Benefits of the Fund
- Supports a broad range of organizations whose work directly benefits agriculture in the Peace Region
- Flexible project eligibility guidelines to reflect the complex and diverse needs of the agriculture sector
- Regional decision-making leverages local knowledge and the best information available to acknowledge the Peace Region’s agricultural strengths, needs, challenges and opportunities
- An efficient approval process for complete and well-documented applications
The following applicant types are eligible to apply for funding:
- Corporations, cooperatives, individuals and/or partnerships active in agriculture in the Peace Region (including new agricultural industry entrants and young agricultural operators)
- Registered Non-profit agricultural organizations in the Peace Region
- Peace Region industry associations, agencies, boards and councils
- Education institutions undertaking research directly related to the Peace Region
The following project types are eligible to apply for funding:
- Research and development to directly benefit agriculture in the Peace Region
- Market development for the agricultural sector
- Training and education, used to engage youth and support new entrants into the agricultural industry and new agricultural enterprises
- Capital investment for agriculture industry infrastructure
- Transportation and supply chain improvements for agriculture
Eligible Project Types
Projects must address one or more of the following criteria related to agriculture in the Peace Region to be eligible:
- Land productivity (such as new crops and technology)
- Capital investment for agriculture industry infrastructure
- Land base management (such as shelterbelts or windbreaks, weed management programs and improvements to grazing capacity)
- Land base improvements and infrastructure (such as livestock watering facilities, fencing for wildlife control and irrigation)
- Market access and infrastructure (such as regional value-added initiatives, institutions and services)
- Infrastructure and transportation improvements (such as cleaning and packing, warehousing and storage and distribution facilities to support the vegetable industry and new agricultural commodities)
- Sustainability (adoption of green and alternative technologies)
- Climate change response (on-farm responses and adaptations)
- New product and practice viability (studies, demonstrations to test new products and methods)
The following activities would be ineligible for funding:
- Core activities of government or non-government agencies or programs, including lobbying activities
- Development of policy related to land or agricultural management
- Administration of government regulations
- Engagement in enforcement and compliance activities
- Multi-year funding projects will be considered in future years based on investment returns
Applications with additional sources of funding will receive additional consideration from the board. An additional source of funding may be defined as monetary, in-kind contributions, government or private funding.
For the first intake of 2019, the board has approved a total fund allocation of $250,000. Applicants can apply for up to $250,000 to a maximum of 100% of a project’s budget.
If a project is approved, the applicant is required to enter into a funding agreement with Northern Development. Project costs incurred prior to formal notification of funding approval will not be eligible for reimbursement. Once the agreement is signed, the applicant may request advance funding up to 90 per cent of the amount approved for the project. The remainder of the funding will be held until the project is completed and final reporting is submitted and approved by Northern Development.
Completed funding applications must be received by 4:30 PM Monday, September 30, 2019 or they will not be reviewed.
Please review all program documents in detail as incomplete applications will not be reviewed by the board.
Completed application forms with all supplementary materials should be provided electronically to Northern Development by email to firstname.lastname@example.org.
Please contact Northern Development staff to discuss your project in further detail.
Phone : (250) 561-2525
Agricultural Fund Vision Statement and Principles
The vision statement for the Agricultural Fund establishes the purpose and intent of the Agricultural Fund. This vision is consistent with regulatory requirements and is aligned with feedback received through consultation. The vision statement is to: Support the Peace Region’s opportunity for agricultural production and agrifoods economic activity.
The principles defined below provide guidance to BC Hydro, the BC Hydro Peace Agricultural Compensation Fund Board and the Trust.
Fairness and transparency
The agricultural fund will be governed in a fair and transparent manner so that all applications are reviewed on merit and given equitable consideration.
Regional decision making
Funding allocation decisions will be made in the region benefiting from the best information available and knowledge on the Peace Region’s agricultural strengths, needs, challenges and opportunities.
Professional and cost effective
The governance structure should facilitate timely funding allocation decisions, ensure diligence in document management, record keeping and reporting and have strong communication capabilities to interact with and support agricultural fund applicants. The structure must be cost effective as administrative costs must be covered internally by the agricultural fund budget.
The governance structure must ensure that the agricultural fund meets the regulatory requirements set out by the EAC Condition 30, that funding recipients and projects meet the eligibility and reporting requirements of the agricultural fund and that financial and other reporting is completed to acceptable standards.
The agricultural fund must be administered in a manner the recognizes the diversity of agricultural sectors, interests and opportunities in the Peace Region.
The agricultural fund’s eligibility will target activities that will enhance agricultural lands, operations or agrifoods economic activity in the B.C. Peace River region, as defined by the borders of the Peace River Regional District.
2018-2019 Board Members
- Rick Kantz, B.C. Grain Producers Association
- Heather Fossum, Peace River Forage Association of B.C.
- Howard Goertz, Peace River Regional Cattlemen’s Association
- Connie Patterson, B.C. Breeder and Feeder Association
- Blair Hill, Peace Region Forage Seed Association
- Angela Watson, Peace River Regional District
- Gene Gladysz, member-at-large (one-year term)
- Travis Winnicky, member-at-large (two-year term)
- Malcolm Odermatt, member-at-large (three-year term)
- Colin Meek, Peace River Valley agricultural producer (two-year term)
BC Hydro appointed Northern Development Initiative Trust as the financial administrator of the Peace Agricultural Compensation Fund in 2018. The Trust’s role is to sustainably manage the $20 million fund and provide administrative support and expertise to BC Hydro and the board to effectively manage the fund for a five-year term. The board and Northern Development Initiative Trust worked together in fall 2018 to develop a financial management plan for the fund, with a goal of preserving the $20 million capital investment and using investment returns for grants for the first five years.