The federal and provincial governments are making a significant investment in the agriculture sector to help farms and businesses expand productivity and efficiency.
Through the Sustainable Canadian Agricultural Partnership, Canada and Ontario are investing up to $25 million into the Agri-Tech Innovation Initiative.
Through the initiative, eligible farm and food processing businesses will be able to apply for funding to invest in innovative technology, equipment, or processes that will expand production capacity or enhance efficiency. This will also include funding to enhance cyber security in the agriculture and food sectors.
The province said the funding from both levels of government will help to meet its goals of increasing the production and consumption of food grown and prepared in the province by 30 per cent by 2032, and boosting the economic impact of Ontario’s food and beverage manufacturing by 10 per cent.
Farmers and businesses will be able to apply for funding through the Agri-Tech Innovation Initiative beginning on February 15, 2024.
