News

FORT ST. JOHN B.C. – Northern Development Initiative Trust announced today that nine Peace Region agricultural projects will receive approximately $190,000 in funding through the BC Hydro Peace Agricultural Compensation Fund (PACF)

On Friday, August 2, Northern Development began accepting applications to the BC Hydro Peace Agricultural Compensation Fund (PACF) – the $20 million fund BC Hydro established to support agricultural production and related economic activity in the Peace Region. The fund reflects BC Hydro’s recognition of the role agriculture plays in the Peace River region and the potential effects of the Site C project on agriculture.

BC Hydro has appointed Northern Development Initiative Trust as the financial administrator of its Peace Agricultural Compensation Fund. The $20-million fund, launched earlier this year, supports agricultural priorities, such as production and economic activity, in the Peace Region. The fund reflects BC Hydro’s recognition of the role agriculture plays in the Peace River region and the potential effects of the Site C project on agriculture.