The federal government is providing support to Canadian canola farmers.
“We’re acting to protect Canada’s agriculture and seafood industries,” Prime Minister Carney said during a Sept. 5 news conference.
Focusing on canola, the government is creating a new program.
“Canada’s government will introduce a new biofuel production incentive, providing more than $370 million to assist domestic producers and help them restructure their value chains.
“We will make targeted amendments to the Clean Fuel Regulations to spur the development of a vibrant biofuels industry in Canada.”
The federal government is also increasing loan availability.
The loan limits for Canadian canola growers will increase to $500,000.
The government also promises to invest in marketing and trade diversification efforts to support all of Canadian ag and seafood industries.