Farms.com Home   Farm Equipment News

Canada And Ontario Investing $20 Million To Protect Local Farmers And Agribusinesses

The governments of Canada and Ontario announced they are investing up to $20 million through the new Market Diversification and Trade Resiliency Initiative to help farmers, food processors and agribusinesses sell more Ontario grown products around the world.

Officials say the Initiative will fund a variety of projects to increase competitiveness for farmers and agribusinesses and support their expansion into new and international markets as part of the provincial government’s plan to protect Ontario’s agribusiness sector.

As part of the Sustainable Canadian Agricultural Partnership, this investment supports the province’s Grow Ontario Strategy to give farmers and businesses the tools they need to build long-term resiliency, create good-paying jobs and stay competitive in the face of tariffs and economic uncertainty.

“Expanding markets for Ontario food products ensures farmers and food processors have more reliable export opportunities,” said the Honourable Heath MacDonald, Minister of Agriculture and Agri-Food. “We are building a stronger, more resilient future for agriculture by improving market access and leveraging our shared strengths.”

“This investment will help our local farmers and agribusinesses sell more products grown in Ontario to markets around the world,” said Trevor Jones, Ontario Minister of Agriculture, Food and Agribusiness. “Our government is proud to support the farmers and businesses who drive our nearly $52 billion agri-food sector forward each and every day.”

Click here to see more...

Trending Video

Black Sea Peace Deal?

Video: Black Sea Peace Deal?

The top headline news this week was Turkey looking to organize another grain corridor for Black Sea exports, Putin initially rejecting the thought than saying it is possible and by the end of the week a U.S. envoy is travelling to Russia to convince Putin to stop the war. U.S. soybean crop conditions have fallen more than expected as a hot/dry/and finish could weigh on final yields. Will modernization USDA help + Sept. 24 Xi/Trump meeting + commodities outperforming stocks + CFTC.