Governments commit up to $25M to boost efficiency in farming
By Canadian Poultry magazineNews New Technology
Sustainable CAP commits $25 million to boost agricultural production and energy efficiency.
The Sustainable Canadian Agricultural Partnership (Sustainable CAP) is investing up to $25 million to expand production capacity and improve energy efficiency in the agriculture and food sector.
The Agri-Tech Innovation Initiative will provide funding to eligible farm and food processing businesses to invest in innovative technology, equipment, or processes that will enhance efficiency or expand production capacity.
This investment aligns with the Grow Ontario Strategy, which aims to increase food production and consumption by 30 per cent by 2032 and boost the economic impact of Ontario’s food and beverage manufacturing by 10 per cent.
The Initiative will support projects that enhance cyber security in the agriculture and food sector, among other targeted outcomes.
By supporting innovation and new technologies, the Sustainable CAP program is helping farmers and producers create a more resilient future for agriculture in Ontario.
Innovative technology and equipment projects, up to $100,000, will be eligible for up to a 50 per cent cost-share. Larger projects will be eligible for a 35 per cent cost-share, up to $100,000 in funding.
Applications for the Initiative will be accepted starting on February 15, 2024.
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