Farm Credit Canada commits $2 billion to agri-food innovation

Farm Credit Canada (FCC) has announced it will invest $2 billion by 2030 to advance innovation in Canadian agriculture and food technologies. 

In a recent press release, FCC said it will direct more investments into innovative devices, instrumentation, research and methodologies designed to improve efficiency, productivity and sustainability. 

The new investment will come from FCC Capital, a group launched in 2024 that offers companies across the agriculture and food value chain investment funds and direct equity capital distributed from pre-seed stage to growth-driven late-stage companies, said the release. 

“Canada’s economic future requires an agriculture and food industry leading the world in innovation and productivity. However, until now, investment dollars have been scarce and have not scaled to meet the increasingly sophisticated needs of the sector,” said Justine Hendricks, FCC president and chief executive officer, in the release.