Farm Business Intent | Guidelines for Preparation of the Summary of Farm Business Intent | Eligible Farm Business Investments | Deposits & Agreements | Accumulation of Net Worth | Notarized/Certified Document Copies | Substituted Evaluation
Farm Business Intent
The Manitoba Provincial Nominee Program – Farm Strategic Recruitment Initiative (FSRI) is for individuals with proven farm business experience, sufficient available capital to invest, and who intend to establish and operate a farm operation in rural Manitoba. It is expected that successful applicants of the FSRI will establish a farm business in Manitoba that reflects the province’s current farm industry with regard to the type of operation and investment amount that correlates with Provincial statistics. The Province of Manitoba requires that applicants provide details of the farm business / operation which they intend to undertake once they land in Manitoba.
The Summary of Farm Business Intent is required for three reasons:
- A sound business intent is a good indication that the applicant has come up with a business plan to operate a farm business in Manitoba that will utilize his/her existing farm business skills and experience. The business intent should contain a well-thought out idea to demonstrate that the farm operation being proposed is relevant to the Manitoba farm business industry, economically viable and that the intended farm operation has a reasonable chance to succeed.
- To assess whether the intended farm business / operation meets the minimum investment requirements and that the applicant will have an active and ongoing role in the management of the business.
- To determine the terms and conditions of the Deposit Agreement under which the deposit will be released.
Additional information is included in the General Program Processes and Policies section.