The federal government of Canada has pledged to help improve the resilience of the country’s grains and oilseeds sector.
Bay of Quinte MP Neil Ellis – on behalf of Agriculture and Agri-Food Minister Lawrence MacAulay – has announced a federal investment of up to $355,710 for two projects.
Of that amount, $197,400 has been given to Soy Canada to help develop a profile of the soybean industry. This profile will include the current and potential risks (both in the short and long term) producers face.
The other $158,310 has been provided to the Grain Farmers of Ontario (GFO) to fund a feasibility study that looks into revenue declines that are not covered under the existing suite of business management risk programs.
The funding for both initiatives will be provided through the federal government’s AgriRisk Initiatives, under the Growing Forward 2 agreement, a release said.
“Canada’s grain and oilseeds industry is a competitive and efficient sector, known around the world for producing high-quality, safe and sustainable foods. Providing our farmers with the tools they need to mitigate risk helps strengthen farm businesses, creating jobs, helping to drive our economy,” Agriculture and Agri-Food Minister Lawrence MacAulay said in a statement.
“I am pleased that we continue to support grain and oilseed farmers in Ontario and across the country develop the tools they need to remain strong and resilient against the risks they face,” commented Ellis.
