Upper levels of government are making a multi-million dollar investment in Ontario to help farmers, food processors and agribusinesses sell more product around the world.
The provincial and federal governments are providing up to $20 million through the new Market Diversification and Trade Resiliency Initiative to fund projects that will increase competitiveness for the agriculture sector and support their expansion into new and international markets.
The initiative will be made available through three funding streams: market development and diversification implementation planning; implementation of market development and diversification; and the implementation of equipment and technology.
The funding will cover a portion of each approved project cost, with the maximum eligible funding amount varying based on per the type of proposals submitted.
The application period for the Market Diversification and Trade Resiliency Initiative will run from February 17 until March 17.