Canada has determined to reenergize its agricultural sector through targeted policy and earmarked finance to increase production. Currently, the north American nation is among the top producers of wheat in the world. Wheat, Barley, Corn and canola are some of its top exported products.
In 2018 Canada launched the Canada Agricultural Project, worth 3 billion dollars aimed at strengthening its agribusiness, agri-based products sectors, according to data from the Canada Department of Agriculture. Now in its fourth year, the project will support the Canada-European Union Comprehensive Economic and Trade Agreement, NAFTA and its Trans Pacific Partnership. Canada is aimed at seeking new trade markets globally.
Canada has the potential to be a major player in the world agriculture market, standing up against the likes of the United States, Africa, Mexico and other agricultural producers. Canada has taken its agricultural investments a step further by supporting its supply managed sectors and agro-processung–giving it a considerable advantage against ag producers that do not refine, process or trade in agri-based products. In the futurr, raw agricultural producers may likely struggle for market share against producers who are able to provide both raw and refined agricultural offerings to the world market.
Canada has the potential to be a major player in the world agriculture market, standing up against the likes of the United States, Africa, Mexico and other agricultural producers.
Brexit has also opened up a new opportunity for producers. Opportunities not only in Europe but also in the UK. If the US determines to continue antagonizing China’s meteoric rise to world significance, there may also be new opportunity for producers seeking to win the China market. US Soybean and meat producers suffered heavily in 2020 as China pulled back its imports in response to US tariffs.
Canada has clearly set its sight on being food-secure in the near future. In June of last year, even during a pandemic the nation launched an ambitious project in line with its recent food policy changes.
“. . . the Honourable Marie-Claude Bibeau, Minister of Agriculture and Agri-Food, announced the launch of the second call for proposals under the Local Food Infrastructure Fund. This second call for proposals, valued at $43.4 million, will begin accepting applications today. The Fund aims to strengthen food support organizations and to help improve access to safe and nutritious food for Canadians at risk.” The June 2020 release reported.
Since the pandemic, many nations have had to reevaluate their food security. In a crisis where supply chains are disrupted and trade may be halted, having adequate food options become paramount. Canada launched a separate food emergency fund worth 100 million dollars to ensure food security in a crisis official reports indicate.
Canada is not just investing in the production and growing of agriculture, but also storage, transportation, distribution, processing and waste management. Any agricultural program that does not encompass all of these elements, as well as securing viable trade partners, is simply inadequate for the current age. Agricultural development without complementary food policy and internal trade reforms cannot win in today’s competitive environment.
Canada launched a separate food emergency fund worth 100 million dollars to ensure food security in a crisis official reports indicate.
Farmers and those within the industry need more than seeds and agricultural knowledge. They need logistics, storage, processing, packaging, transportation, food policy and adequate trade partners that makes the profit justifiy the labor.