The federal government is looking to support producers and lower grocery costs for Canadians through its National Food Security Strategy.
The strategy announced on June 11 commits at least $3 billion over 10 years to address multiple areas of Canada’s food supply chain.
$1 billion is earmarked to support the construction of two additional food terminals, and the establishment or expansion of 10 food hubs by the end of 2028.
$1 billion will be for the Agri-food Project Finance Fund through Farm Credit Canada. This will help businesses secure seed funding to expand food processing capacity.
Another $150 million will be for the Food Security Fund to help small and medium-sized businesses upgrade equipment, grow, produce, and process more food in Canada.
And a further $100 million is for the Collaborative Food Fund to help producers expand agri-processing.
The federal government also plans to invest in year-round fruit and vegetable production.
$750 million is designated to expand Canada’s ability to produce fruit and vegetables through greenhouses, vertical farms, or other enclosed growing spaces.