On February 13, Canada Agriculture Day, Ontario signed a new bilateral agreement with the federal government.
The new Canadian Agricultural Partnership includes funding to help farmers manage risks such as unpredictable weather or market volatility
• The federal and provincial governments are committing an estimated $1.5 billion in the Ontario agri-food sector: $1.1 billion for Business Risk Management funding and $417 million for strategic initiatives funding.
• With all cost-shared agreements under the Canadian Agricultural Partnership, federal, provincial and territorial governments investments are shared on a 60:40 basis and delivered by provinces and territories to ensure programs are tailored to meet regional needs. Ontario is the first Canadian Agricultural Partnership agreement to be finalized.
• Programming will be accessible to producers and processors starting April 3rd 2018, ensuring a seamless transition in support as Growing Forward 2 concludes.
• Application intake windows for cost-share funding assistance will open in April and additional information and program details will be made available once finalized.
Source: OMAFRA news release, Feb 13, 2018