Crowds gathered across the country to celebrate Canadian farmers

Feb 14, 2018

Canada’s second annual Agriculture Day bigger and better than last year

By Kate Ayers
Staff Writer
Farms.com

Yesterday marked Canada’s second annual Agriculture Day, a celebration of food and the ag industry. And participants embraced the national event.

Indeed, thousands of Canadians joined into events held across the country, according to a Farm Credit Canada (FCC) release yesterday.

“We are thrilled at the level of participation and engagement by producers and partners of Canadian agriculture, as well as consumers, in events and social media across the country,” Candace Hill, manager of Agriculture More Than Ever, said in the release.

Hill and her team are still tallying numbers, but she is confident that participation and engagement surpassed last year’s celebration.

Many Canadians showed their support on social media and the hashtag #CdnAgDay trended on Twitter.

“Our agriculture and agri-food sectors contribute over $110 billion to our economy and generate thousands of quality middle-class jobs in the food processing, transportation and retail sectors across Canada,” Lawrence MacAulay, minister of agriculture and agri-food, said in the release.

“At a local level, family farms are the lifeblood for many rural communities; they support small businesses, their children attend local schools and they contribute in many ways to the quality of rural life in Canada.”

Canada’s Agriculture Day provided the opportunity for those in the ag industry and consumers to share ideas on how Canada can help to feeding a rapidly growing population, according to Michael Hoffort, FFC president and CEO.

“The relationships that were forged as a result of Canada’s Agriculture Day will help move the industry forward into the future,” he said in the release.

This year’s event involved industry associations, community groups, individuals and the media, according to Hill. And people are already looking forward to next year’s celebration.

Photo Credit: https://www.agriculturemorethanever.ca/cdn-ag-day/

Video: The Investment Opportunities of Industrial Hemp

The fledgling U.S. hemp industry is decades behind countries like Canada, France and China, but according to impact investor and this week’s podcast guest, Pierre Berard, it could flourish into a $2.2 billion industry by 2030 and create thousands of jobs.

To reach its potential, what the hemp industry needs most right now, Berard said, is capital investment.

Last month, Berard published a report titled “Seeing the U.S. Industrial Hemp Opportunity — A Pioneering Venture for Investors and Corporations Driven by Environmental, Social and Financial Concerns” in which he lays out the case for investment.

It’s as if Berard, with this report, is waving a giant flag, trying to attract the eyes of investors, saying, “Look over here. Look at all this opportunity.”

Berard likens the burgeoning American hemp industry to a developing country.

“There is no capital. People don’t want to finance. This is too risky. And I was like, OK, this sounds like something for me,” he said.

As an impact investor who manages funds specializing in agro-processing companies, Berard now has his sights set on the U.S. hemp industry, which he believes has great economic value as well as social and environmental benefits.

He spent many years developing investment in the agriculture infrastructure of developing countries in Latin America and Africa, and said the hemp industry feels similar.

“It is very nascent and it is a very fragmented sector. You have pioneers and trailblazers inventing or reinventing the field after 80 years of prohibition,” he said. “So I feel very familiar with this context.”

On this week’s hemp podcast, Berard talks about the report and the opportunities available to investors in the feed, fiber and food sectors of the hemp industry.

Building an industry around an agricultural commodity takes time, he said. According to the report, “The soybean industry took about 50 years to become firmly established, from the first USDA imports in 1898 to the U.S. being the top worldwide producer in the 1950s.”

Berard has a plan to accelerate the growth of the hemp industry and sees a four-pillar approach to attract investment.

First, he said, the foundation of the industry is the relationship between farmers and processors at the local level.

Second, he said the industry needs what he calls a “federating body” that will represent it, foster markets and innovations, and reduce risk for its members and investors.

The third pillar is “collaboration with corporations that aim to secure or diversify their supply chains with sustainable products and enhance their ESG credentials. This will be key to funding the industry and creating markets,” he said.

The fourth pillar is investment. Lots of it. Over $1.6 billion over seven years. This money will come from government, corporations, individual investors, and philanthropic donors.

The 75-page report goes into detail about the hemp industry, its environmental and social impact, and the opportunities available to investors.

Read the report here: Seeing the U.S. Industrial Hemp Opportunity

Also on this episode, we check in with hemp and bison farmer Herb Grove from Brush Mountain Bison in Centre County, PA, where he grew 50 acres of hemp grain. We’ll hear about harvest and dry down and crushing the seed for oil and cake.