Agri-Tech Innovation initiative receives $22.6 to support 319 farms and agri-food businesses

Sep 04, 2024

Up to $22.6 million in funds are being allocated towards the Agri-Tech Innovation initiative to further develop energy efficiency and expand production capacity in the agriculture and food sector.

In a recent press release, the government of Canada and Ontario announced the expenditure through the Sustainable Canadian Agricultural Partnership (Sustainable CAP) to help 319 farming and agri-food businesses invest in innovative technology, equipment or processes that will expand production capacity or enhance efficiency.

“Our government knows that supporting innovation in Ontario’s agriculture and food sector is key to it reaching its potential, while securing our collective ability to achieve the ambitious goals in our Grow Ontario Strategy,” said Rob Flack, Ontario Minister of Agriculture, Food and Agribusiness. “These investments will allow established and emerging businesses to speed up efforts to optimize their operations and support growth for our agriculture and food sector.”

Sustainable CAP is a five year, $3.5-billion subsidy from federal, provincial and territorial governments, that aim to strengthen competitiveness, innovation, and resiliency of Canada’s agriculture, agri-food, and agri-based products sector.

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