Home Shoreline News Province & Feds announce new 5-year Agreement on Agri-Food Sector Support

Province & Feds announce new 5-year Agreement on Agri-Food Sector Support

It will see $1.7 billion in supports for the agri-food sector with $569 million to be invested in strategic initiatives, an increase of 25% increase over previous agreement.

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Huron-Bruce MPP Lisa Thompson announced Farmers and the province’s wider agri-food sector are set to benefit from an upcoming new, five-year agreement between the Province and the Federal government on  a range of investments in the sector.

It is entitled the “Sustainable Canadian Agricultural Partnership” and will see upwards of $1.7 billion in supports for the agri-food sector. $569 million will be invested in strategic initiatives, which is a 25% increase over the previous agreement.

There will also be $1.2 billion for continued, demand-driven, business risk management support for farmers.

This will see boosted investment in research & innovation to strengthen the sector including the new Resilient Agricultural Landscape Program to work on mitigating climate change and support the sector in better addressing sustainable outcomes.

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