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.
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.
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.
In mid-2019, the board and Northern Development Initiative Trust will review the fund’s performance and recommend the timing and grant amount for 2019 applications. Once approved by BC Hydro, the board and Northern Development Initiative Trust will distribute application information to the public and agricultural organizations in the B.C. Peace Region.
Inaugural grant applications are anticipated in fall 2019.