Farms.com Home   News

Stabilization funding for PEI potato sector

The federal government has announced a Potato Stabilization and Innovation Initiative for Prince Edward Island potato growers that will cover the 2022 and 2023 fiscal years.

To qualify, growers must be either a table or seed potato grower, or a key supplier to the potato sector operating on Prince Edward Island, and must be able to show impacts resulting from the imposed restrictions on the movement of P.E.I. potatoes. An applicant could also be a non-profit organization or provincial entity providing support to the P.E.I. potato sector.

Here are samples of what the funding could support:

  • investing in automation and technology that increase a business’ productivity and competitiveness
  • improving storage to increase product quality and lifespan
  • modifying packaging (changing volume of bags, packaging preferences, etc.)
  • developing equipment or technology that manages pests or disease
  • creating value-added products, including those that make use of byproducts or processing waste
  • investing in new markets or market expansions.
Source : The Grower

Trending Video

Mastering your farm budget

Video: Mastering your farm budget

Want to better understand your farm finances? In this video, learn about the ins and outs of farm budgeting and cash flow management. Using AgExpert’s accounting software and drawing lessons from FCC’s Manage Your Farm Finances course series, you’ll gain the tools and insights to make informed decisions and set you up for cash flow success. Presented by FCC, AgExpert and BDO Canada.