Canada and Quebec sign a new five-year, $955 million agreement to support Quebec’s agricultural sector
April 4, 2023 By Greenhouse Canada
April 4, 2023 – The Department of Agriculture and Agri-Food Canada, and the Ministry of Agriculture, Fisheries and Food, announce the signing of a bilateral agreement under the new Sustainable Canadian Agricultural Partnership (Sustainable CAP). This agreement includes a joint investment by the governments of Canada and Quebec estimated at $955 million in the Quebec agri-food sector over the next five years.
This is an additional $97 million in funding compared with the previous strategic framework, a 25 per cent increase in the envelope for cost-shared strategic initiatives.
The agreement also highlights Quebec’s role in improving agri-environmental practices by recognizing and providing specific funding for the Ministerial Initiative on Compensating Agri-environmental Practices.
The partnership will contribute to the achievement of targets, objectives, and indicators established by Quebec as part of its plans and strategies for the bio-food sector. It also establishes parameters for the pan-Canadian Business Risk Management (BRM) programs of AgriInvest, AgriStability, AgriInsurance and AgriRecovery, aiming to make them more timely, equitable, and simple. This includes increasing the compensation rate in the AgriStability Program from 70 per cent to 80 per cent.
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