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ARTICLE · 19 MAY 2020

New Measures To Support Canadian Food Supply

Prime Minister Trudeau recently announced new measures to assist agribusinesses, $252 million in federal funding and an increase of $200 million in borrowing capacity to support agribusinesses.

CanadaCoronavirus (COVID-19)

Prime Minister Trudeau recently announced new measures to assist agribusinesses, $252 million in federal funding and an increase of $200 million in borrowing capacity to support agribusinesses. These measures include: 

  • $77.5 million for an Emergency Processing Fund. This fund will assist agribusinesses with accessing personal protective equipment, adapting to health protocols, modifying facilities, processes, and operations, and responding to ever-evolving risks and requirements flowing from COVID-19. 
  • Up to $125 million for national AgriRecovery initiatives. These initiatives will assist agribusinesses with increased costs resulting from COVID-19, including set-asides for cattle and hog management programs for livestock backed up on farms as a result of temporary food processing plant closures. This funding will assist farmers and ranchers in keeping their livestock for longer before marketing.

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