Agriculture Roundup for Friday September 29, 2023
The federal government has set up a new Dairy Innovation and Investment Fund.
The $333 million over the next 10 years is part of the government’s commitment to support supply-managed sectors for the impacts of the Canada-United States-Mexico Agreement (CUSMA).
Like most dairy-producing countries, Canada is facing a growing surplus of solids non-fat (SNF), the remaining component once cow’s milk is processed and the fat is removed for use in products like butter and cream. Limited processing capacity for SNF results in lost opportunities for dairy processors and farmers.
Canadian dairy processors will have access to support for medium to large-scale projects that will help the sector better manage the surplus of SNF in Canada. The Fund will support activities that help modernize, replace and increase processing capacity for SNF and minimize skim milk that is not marketed.