Farms.com Home   Ag Industry News

Agrifood Innovation and Sustainability receives funding

Federal and British Columbia governments working together

By Diego Flammini, Farms.com

Federal Agriculture Minister Gerry Ritz and B.C. Agriculture Minister Norm Letnick announced a partnership and commitment of more than $4.3 million to support innovation, food safety, business development and sustainability in the province’s agricultural community.

"These projects help support the environmental sustainability of B.C. farmers through climate change adaption and Environmental Farm Plan programs, and economically through projects supporting sector research, market development and new technology. These factors all contribute to B.C.'s modern and diverse agrifoods industry, the 60,000 people it employs, and the food security it brings to our province,” B.C. Minister of Agriculture Norm Letnick said.

The Growing Forward 2 Agreement, a $3 billion investment by all levels of government scheduled to end in 2018, will continue to focus on ensuring Canadian producers and processors have the necessary tools to contribute to the economy.

"Our government is proud to continue to make strategic investments such as these to increase profitability and competitiveness in Canada's agriculture sector. The work being accomplished through Growing Forward 2 will enable research and development and enhance production and export capacities to grow a bright future for Canadian businesses,” said Agricultural Minister Gerry Ritz.

Other projects funded include tool and guide developments for farmers and animal health and surveillance.

"We're pleased to be working together with government and all stakeholders to continually advance agriculture in British Columbia. The programs and services delivered through the (BC Agricultural Research & Development Corporation) support B.C. farmers and ranchers adopting new farming practices in environmental sustainability and food safety to keep B.C. grown and raised foods safe, sustainable and competitive,” said ARDCorp chair Allen James.

View more information about Growing Forward 2.

 


Trending Video

Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”

Video: Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”


After a week of a U.S./China trade truce, markets/trade is skeptical that we have not seen a signed agreement nor heard much from China or seen any details. There are rumors that China is buying soybean futures & not the physical. Trust in Trump?
12 MMT of U.S. soybean purchases by China by year-end is better than 0 but we all need to give it more time and give it a chance to unfold. China did lower the tariffs on Ag and is buying U.S. wheat and sorghum.
U.S. supreme court could rule against Trumps tariffs, but the Trump administration does have a plan B.
U.S. government shutdown is now the longest in history at 38 days.
But despite a U.S. government shutdown we will be getting a USDA November crop report next Friday and it could be “game changing.” If the USDA provides a bullish surprise with lower U.S. corn and soybean yields and ending stocks that are lower than expected both corn and soybean futures will break out above their ceilings at $4.35/bu and $11.35/bu respectively.
The funds continued their selling in live and feeder cattle futures on continued fears that the Trump administration want to lower U.S. beef prices. The fundamentals have not changed, only market psychology has.
Stocks markets continue to worry about a weak U.S. job market, but you can blame ChatGPT for that. In the future, we will have a more efficient, productive and growing economy with a higher unemployment rate until we have more skilled AI workers.
After 34 new record highs in the S & P 500 and 124 new records in the NASDAQ in 2025 we are back to a correction and investor profit taking as AI valuations may have gotten too stretched near-term ahead of NVDA’s 3rd quarter earnings announcement on Nov. 19th. But this is not an AI bubble.
75% of Tesla shareholders approved a $1 trillion pay package for Elon Musk!
It has rained in South America in the last 7 days, but both the American and European models agree that Central Brazil remains dry in the next 14-days!