By Dori Modney

Federal financing to help poultry and egg producers boost competitiveness

Jun 3, 2021 | 9:46 AM

OTTAWA, ONT. — The Minister of Agriculture and Agri-Food, announced on Monday (May 31), a program to bolster Canada’s poultry industry. The announcement by Marie-Claude Bibeau, means the Poultry and Egg On-Farm Investment Program (PEFIP) is ready to accept applications.

The program will provide almost $647 million over ten years to support poultry and egg producers through on-farm investments, with each producer entitled to an amount proportional to their quota holdings as of January 1, of this year.

Applications will be accepted until March 31, 2030,which will allow producers to apply when they are ready to make an investment. The PEFIP also provides flexibility for producers to seek funding for eligible projects that began after March 19, 2019.

The federal government will contribute up to 70 per cent of an applicants projected costs. That amount would increase to 85 per cent for young farmers, to ensure a strong future for poultry farms.

Eligible projects include anything that helps a producer increase efficiency or productivity, respond to consumer preferences, or improve on-farm safety, bio-security or environmental sustainability. It would include new barn construction or upgrades to equipment like feeding, watering, lighting, ventilation, heating, and comfort systems that promote energy efficiency and reduce an operations environmental footprint.

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The PEFIP program, along with the Market Development Program for Turkey and Chicken (MDPTC), were designed to respond to producer associations and offer full and fair compensation to supply-managed sectors, in relation to concession related to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

The two programs together, total more than $691 million over ten years.

Read More at these links:

• Poultry and Egg On-Farm Investment Program
• Market Development Program for Turkey and Chicken