Federal govt. launches new support program for processors of Canada’s supply-managed commodities
The federal government launches a Supply Management Processing Investment Fund, worth $292.5 million, to help processors of supply-managed commodities increase their competitiveness and resilience in the face of evolving markets. The Supply Management Processing Investment Fund is part of the Government of Canada’s commitment to support processors in these sectors to address the impacts of international trade agreements.
Through this program, processors of supply-managed commodities will have access to funding to improve their productivity and efficiency through investments in new automated equipment and technology. The Fund leverages private investment in processing plants to accelerate adoption of automation to lower processing costs, address labour shortages and enhance product quality.
The two-step application process includes first submitting a project summary form, which will help to determine a project’s eligibility and alignment with program criteria and priorities. Those successful at this stage will be invited to submit a full application.
“Our government strongly supports supply-managed sectors and, as promised, we are rolling out various programs to compensate producers and processors who have lost market share further to trade agreements,” said Marie-Claude Bibeau, the federal agriculture and agri-food minister.
“Dairy processors welcome the announcement of the Supply Management Processing Investment Fund, which will support the additional investments and innovations necessary for Canada’s dairy processing sector to transition to new market realities resulting from additional market access concessions granted in trade agreements with Europe and Trans-Pacific countries. By supporting investments in processing plants, the Fund will help boost the competitiveness, productivity and long-term sustainability of the Canadian dairy industry,” said Michael Barrett, chair, Dairy Processors Association of Canada.
“We are pleased to see the government fulfil its commitment to support additional investments in poultry and egg processing plants as a means to mitigate the impact of market access concessions made in CPTPP. The Fund will leverage private investments in processing plants to boost productivity, respond to changing customer expectations and improve our industry’s efficiency, viability and competitiveness,” said Ian McFall, chair, Canadian Poultry and Egg Processors Council.