Canada Allocates $10 Million to Saskatchewan Agri-Food Sector Amid Tariff Threats
The Canadian federal government is investing approximately $10 million in nine agri-food groups in Saskatchewan, primarily to mitigate the impact of impending U.S. tariffs on Canadian imports. This funding aims to bolster local operations and innovation in the agri-food sector, highlighting the government's commitment to supporting small and medium enterprises.
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The Canadian federal government announced a $10 million investment for nine agri-food groups in Saskatchewan to address tariff impacts. Bioriginal Food & Science Corp. will receive $3.27 million for the expansion of its food ingredient facility and automation processes.
POS Biosciences Corp., part of the same ownership, will receive $2.33 million for upgrades in seed pasteurization and oil extraction. Additional funding includes $990,762 to North 49 Foods Ltd. for pork facility expansion and $700,000 for Prairie Meats Inc. for production upgrades.
Also, $2.7 million is allocated to support innovative ecosystems, enhancing research and development. This funding is critical for maintaining competitiveness in the agri-food sector amidst external tariff pressures.
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