Caisse de dépôt et placement du Québec (la Caisse) today presented its strategy for Québec's agri-food sector. It also announced the creation of a $125-million fund to invest in every segment of the sector's value chain, targeting both companies seeking to accelerate their growth and farmers who operate family businesses, and their successors.
"This is a sector with strong growth potential for Québec. It has all that's needed to succeed, both at home and in global markets, which are becoming increasingly competitive. For la Caisse, it's important that both today's farmers and their successors, as well as companies in the processing, distribution and marketing segments, be well positioned to compete and face the challenges in this sector," said Christian Dubé, Executive Vice-President, Québec at la Caisse.
"As we have done in other industries, la Caisse plans to support promising projects in Québec's agri-food sector, using a variety of approaches," added Mr. Dubé. "This plan is fully aligned with la Caisse's business strategy in Québec. Agri-food is a complex, diverse and cutting-edge sector that requires a long-term, viable business environment tailored to its distinctive features, particularly to foster development, innovation and business transfers to the next generation."
Source: CNW