OTTAWA, ON - Canada's supply management system is a model of stability which provides a fair price for farmers, stability for processors, and safe, high quality products for Canadians. This system ensures the viability of family farms and is the backbone of rural communities across the country.
Today, the Minister of Agriculture and Agri-Food, the Honourable Marie-Claude Bibeau, along with Francis Drouin, Parliamentary Secretary to the Minister of Agriculture and Agri-Food, announced the launch of the Supply Management Processing Investment Fund, worth $292.5 million, to help processors of supply-managed commodities increase their competitiveness and resilience in the face of evolving markets. The Supply Management Processing Investment Fund is part of the Government of Canada's commitment to support processors in these sectors to address the impacts of international trade agreements.
Through this program, processors of supply-managed commodities will have access to funding to improve their productivity and efficiency through investments in new automated equipment and technology. The Fund leverages private investment in processing plants to accelerate adoption of automation to lower processing costs, address labour shortages and enhance product quality.
Launching today, the two-step application process includes first submitting a Project Summary Form, which will help to determine a project's eligibility and alignment with program criteria and priorities. Those successful at this stage will be invited to submit a full application.
Work is underway with supply-managed sectors to determine full and fair compensation for the impacts of the Canada-United States-Mexico Agreement within the year. By providing processors the support needed, the Government of Canada is ensuring Canadian family farms thrive and remain well positioned for the future.
Source : Cision