by aditya abhishek
It is a five year agreement between the federal, provincial, and territorial governments that eaxtends from April 1, 2023 to March 31, 2028 in Canada's agricultural sector.
Around $3.5 Billion is invested to strengthen the agricultural industry, support farmers & agri-businesses, and promote innovation and growth in the sector.
The new program builds on the successes of GF2 while also addressing the evolving needs of the industry. CAP focuses on 5 key priority areas...
It provides funding for research and development projects that aim to improve the competitiveness and sustainability of the agriculture industry.
It provides funding for initiatives such as cover cropping, nutrient management, and renewable energy. Thus helps in improve soil health, and mitigate the effects of climate change.
CAP helps Canadian farmers and agri-businesses access new markets and improve their competitiveness in existing markets. They fund for funding for market research & development.
They promote public trust in the Canadian agriculture industry by funding for food safety and traceability programs, as well as initiatives to improve animal welfare.
CAP supports the development of new value-added products and processes, such as biofuels, specialty crops, and innovative food products.
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