April 1st marked the official launch of the Canadian Agricultural Partnership, a $3-billion commitment that will help chart the course for government investments in the sector over the next five years.
The Partnership aims to continue to help the sector grow trade and advance innovation while maintaining and strengthening public confidence in the food system, and increase its diversity.
Federal, provincial and territorial (FPT) governments have been working collaboratively since 2016 to develop the next agricultural policy framework, the Canadian Agricultural Partnership. Federal, provincial and territorial governments consulted with a wide range of stakeholders, including producers, processors, indigenous communities, women, youth, and small and emerging sectors to ensure the Partnership was focused on the issues that matter most to them.
In addition, under the Partnership, business risk management (BRM) programs will continue to help producers manage significant risks that threaten the viability of their farm and are beyond their capacity to manage.
- The Partnership includes $1 billion for federal activities and programs, and $2 billion in cost-shared programs delivered by provinces and territories on a 60:40 basis.
- Program details and applications were launched for the six federal programs on February 13th and include: AgriMarketing, AgriCompetitiveness, AgriScience, AgriInnovate, AgriDiversity and AgriAssurance.
- The Government of Canada is working with provinces and territories to finalize the details of cost-shared programs, which will be announced as they become available.
- In addition to the $3 billion investment in strategic initiatives under the Canadian Agricultural Partnership, farmers will continue to have access to a robust suite of business risk management programs. Changes to business risk management programs are in effect for the 2018 program year.
- The sector is strong, with exports in 2017 of Canadian agriculture, agri-food, fish and seafood reaching $64.6 billion, a $2 billion increase from 2016 levels. Producers are also forecast to see record levels of net cash income, with increases in both crop receipts and livestock production.