Saskatchewan Agrees to Canadian Agricultural Partnership
Saskatchewan Agriculture Minister Lyle Stewart joined Federal Agriculture Minister Lawrence MacAulay, and agriculture ministers from across the country to reach an agreement on the Canadian Agricultural Partnership (CAP).
CAP is a five year federal-provincial-territorial funding agreement that takes effect on April 1, 2018 and replaces Growing Forward 2 (GF2). It governs business risk management (BRM) programs such as Crop Insurance, AgriStability and AgriInvest and investments in strategic initiatives.
“The Canadian Agricultural Partnership will help ensure agriculture producers and industry have access to important funding to innovate, expand and help Saskatchewan remain a world-class agri-food producer and supplier,” Stewart said.
CAP will maintain the same level of funding as GF2. Canada and Saskatchewan will invest a total of $388 million over five years for strategic initiatives in Saskatchewan. The combined provincial and federal funding will support a suite of programs focused on: markets and trade; science, research and innovation; environmental sustainability and climate change; value-added agriculture and agri-food processing; and public trust.