Eligible Farm Business Investments

Farm Business Investments will not be eligible if they do not meet the program's requirements for investment and farm business activities.

Investment

1. The Investment from the Nominee's personal assets should be with no less than $150,000 in tangible assets** in Manitoba, unless the farm business Investment includes a portion of working capital that is in conformity with the industry's capital investment structure defined by statistics from Industry Canada, and the total investment including working capital is no less than $150,000.

2. If an investment is into an existing farm business, the Nominee must control at least 33.33% of the equity, or make a minimum $1 million equity investment in the farm business. In addition, a redemption option should not be included in terms of investment.

3. Investment into personal items such as the principal residence that is located off the farm, and motor vehicles for personal use will not be counted as part of business investment.

4. Investments into a farm business operated primarily for the purposes of deriving passive investment income are not eligible.

Business Activities

1. A farm business entity should have ongoing and recurring business activities in Manitoba.

2. The Nominee is required to actively participate in the management of the farm business on an ongoing basis from within Manitoba.

3. The farm business must be legal and viable in Manitoba's economic environment, and the applicant should have necessary resources and skills to operate such a farm business.

4. The Program requires the Nominee to conduct value-added farm business activities in Manitoba. Purely speculative activities do not quality under the Program.

**Tangible assets are items such as farmland, farm buildings, farm related vehicles, office equipment, computers, farm machinery, and livestock, etc.

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