Ontario has recently signed a bilateral agreement with the federal government, aimed at supporting strategic, long-term investments that will help to promote innovation, economic growth, and create jobs in Ontario’s agriculture sector.
The new agreement is called the “Canadian Agriculture Partnership” and is focused on building a solid foundation for the future of Ontario’s agriculture and agri-food industries.
The partnership will support research projects aimed at fostering innovation, to help create more effective technology in the agri-food and agriculture sectors. The document will also provide funding to help farmers manage risks, like weather or market volatility which threaten the viability of their farm.
According to the federal government, these investments will help achieve their goal of creating good middle class jobs, within the agriculture industry.
Canada’s federal and provincial governments are committing approximately $1.5 billion in the Ontario agri-food sector, with $1.1 billion going toward business risk management funding and $417 million for strategic initiatives.
The intake window for cost-share funding assistance will begin in April, and more information regarding the programs details will be announced once the program is finalized.
To make sure the programs are delivered effectively, Ontario will continue to work with key partners like the Agriculture Adaptation Council and Ontario Soil and crop Improvement Association.
Agriculture and agri-food is a big business in Ontario, with over 800,000 jobs in each of the sectors, contributing more than $37 billion a year towards the provinces GDP.
In Canada, approximately $56-billion a year is generated from exports of agriculture and agri-food products. The government has an ambitious goal of increasing that number to $75-billion by 2025. With the committed investments in agriculture from the federal government, hopefully Canadians will see steady growth.
We reserve the right to remove any and all comments for any reason. Comments with swearing will be deleted without exception.