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Federal government making additional support available for P.E.I. agriculture industry in response to tariff threats

The government of Canada and the Prince Edward Island (P.E.I.) Department of Agriculture are redirecting funds into existing programs that support farmers and agri-businesses in finding new markets and foster innovation.

Through existing Sustainable Canadian Agricultural Partnership (Sustainable CAP) programming, the federal and provincial governments are redirecting cost-shared funding into the following programs to further benefit producers:

• The Product and Market Development Program
• The Strategic Industry Growth Initiative
• The Business Development Program

In addition to the increased investments through existing Sustainable CAP programs, the P.E.I. Department of Agriculture will be working in collaboration with the P.E.I. Department of Economic Development, Innovation and Trade to further support agricultural initiatives applying to trade and new market programs offered through Innovation P.E.I.

The Sustainable CAP is a five-year, $3.5 billion investment by the federal, provincial and territorial governments to strengthen the competitiveness, innovation, and resiliency of Canada’s agriculture, agri‐food, and agri‐based products sector, the government said in a press statement.

This agreement includes $1 billion in federal programs and activities and a $2.5 billion commitment that is cost-shared 60% federally and 40% provincially/territorially for programs that are designed and delivered by provinces and territories.

To read more visit the government of Canada’s website.