Farms.com Home   Ag Industry News

Canadian seed industry receives federal investment

Canadian seed industry receives federal investment

The funding will help enhance certification and be used to identify risks in the industry

By Diego Flammini
News Reporter
Farms.com

The federal government is investing in Canada’s seed sector to help it remain competitive in a global marketplace.

Mike Bossio, member of Parliament for Hastings – Lennox and Addington, announced an investment of over $760,000 today during the Ottawa Valley Farm Show.

The funding will be used to help Canada’s $5.6 billion seed industry improve and enhance the certification of crops, identify and assess risks and opportunities facing the industry, and expand seed trade in global markets.

Mike Bossio
Mike Bossio announces a federal investment into the Canadian seed industry.

“When it comes to investing in agriculture innovation, the seed industry walks the talk,” Bossio said. “Anything that can be done to strengthen the seed sector will pay dividends for the whole supply chain, from farmer all the way to the customer.”

The funding will be divided between the Canadian Seed Growers’ Association (CSGA) and the Canadian Seed Trade Association (CSTA).

The CSGA will receive $703,214 to complete a study on the risks and opportunities in the Canadian seed sector.

“This information will help the industry to minimize risk while maximizing the opportunities at home and around the world,” Bossio said. “For seed growers, this investment will help improve certification and traceability of your crops. This will give buyers the confidence that when they see the blue (Canadian Food Inspection Agency) tag on the bag, they’re getting top quality Canadian-certified seed.

The CSTA will receive more than $65,154 to assist with innovation and to help break down trade barriers

better farming tweet

The federal government has set an objective of exporting $75 billion worth of agricultural products by 2025. Seed growers are paramount to achieving that goal, Bossio said.

 “We’ll be counting on seed growers to help us get there,” he said. “You are the first point in the supply chain, producing safe high-quality food that’s the top choice of consumers around the world.”


Trending Video

U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again


The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!