Farms.com Home   News

Federal Government Announces $185 Million For New Agricultural Climate Solutions Program

On Thursday, Canada's Minister of Agriculture and Agri-Food, Marie-Claude Bibeau, announced an investment of $185 million over the next 10 years for the new Agricultural Climate Solutions (ACS) program.
 
“Our government is working in partnership with farmers to develop and deploy the best practices that will fight climate change, protect our lands and waters, and deliver important economic benefits to farmers. With significant regional collaborations from coast-to-coast, Agricultural Climate Solutions puts farmers at the helm of steering Canadian agriculture towards a climate resilient future for the generations to come,” said Bibeau.
 
The ACS program aims to establish a strong, Canada-wide network of regional collaborations led by farmers and including scientists and other sectoral stakeholders. Together, they will develop and share management practices that best store carbon and mitigate climate change. This work will also help protect biodiversity, improve water and soil quality, and strengthen farmers’ bottom lines.
 
“This program allows researchers, farmers and other groups to work closely together and test their ideas on farm to evaluate them in real-world circumstances to achieve meaningful results,” said Mary Robinson, President of the Canadian Federation of Agriculture.
 
To be eligible for the ACS program, applicants must form a large network of partnerships within a province, including with agricultural non-profits, Indigenous organizations and environmental groups.
 
The program will proceed in two phases. The first phase, which will launch April 1st, aims to support the development of proposals focused on regional collaboration hubs, also known as “Living Labs”, by offering grants of up to $100,000.  “Living Labs” networks are already underway in Manitoba, Ontario, Quebec, and Prince Edward Island. The Living Labs model has been endorsed by the G20 as a model of innovation and collaborative research.
 
The aim is for every province in Canada to have at least one collaboration hub.
 
Each hub will centre on farms, where farmers and researchers can co-develop best practices, including cover crops, intercropping, conversion of marginal land to permanent cover, shelterbelts, nutrient management, and inclusion of pulses in rotations. Applicants will need to demonstrate their ability to engage with researchers and develop plans for knowledge transfer and adoption among their peers. Agriculture and Agri-Food Canada will host regional information sessions over the coming weeks.
 
The program’s second phase will open as early as Fall 2021.
 
At this stage, applicant groups can submit their applications for funding support of up to $10 million per project.
Click here to see more...

Trending Video

U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again


The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!