The Government of Canada is helping canola farmers build their businesses by investing up to $6.4 million to support three projects.
“Canadian farmers are leading the world in canola production and the Government of Canada is working with them to tap international markets and get more buyers bidding on their products,” said Agriculture Minister Gerry Ritz. “The projects we’re announcing today will make Canada’s canola industry more competitive and make sure our farmers can continue to drive our economy.”
This investment will go to support three projects:
• $2.95 million will be made available through the Agri-Opportunities Program, for the BioExx project, administered by BioExtraction Inc., to support the world’s first canola extraction facility for protein fit for human consumption.
• $1.7 million will be made available via the Agricultural Flexibility Fund, part of Canada’s Economic Action Plan, to support Grow Canola 2.015. The project, administered by the Canola Council of Canada, will develop an innovative communication system using new web technology and social media platforms to deliver “just in time” agronomic information, research results, and agronomic updates to Canadian canola growers.
• $1.69 million from the AgriMarketing Program will go to the Canola Council of Canada to help the Canadian canola industry capture new international markets.
Funding is subject to the projects meeting all eligibility requirements and the signing of contribution agreements.
