Start a BMO AgriInvest Account to make the most of federal federal government contributions that are matching the AgriInvest Program.
Plus, we are able to allow you to lower your company risk, invest for future years, and provide you with usage of the funding you ought to run and increase your agriculture company.
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A fee that is no-monthly interest-bearing checking account for agricultural companies.
For AgriInvest purposes, qualified participants have the ability to add 1% of the Allowable inter inter Net Sales (ANS) for their AgriInvest account, to a maximum ANS of $1,500,000. Centered on this limitation, the biggest matching government contribution could be $15,000.
Allowable web product product Sales are add up to your total product sales of eligible commodities (including manufacturing insurance installment loans in louisiana coverage advantages), minus your total acquisitions of qualified commodities. As an example, product product sales of canola minus purchases of canola seed;
- 2014 Eligible Sales: $180,000
- 2014 Eligible Costs: $100,000
- 2014 Allowable sales that are net $80,000
- National Matching Contribution Speed: 1%
- 2014 optimum Matching Deposit = $800 ($80,000 x 1%)
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