Grain Farmers of Ontario is applauding the new Canadian Agricultural Partnership.

What’s being dubbed as CAP will launch in early April 2018.

This five-year, $3 billion commitment by Canada’s federal, provincial and territorial governments will support Canada’s agri-food and agri-products sector and spur innovation in the sector.

Ontario also signed a bilateral agreement with the federal government for CAP that will support specialized research and projects that foster innovation and growth and funding to help farmers manage risks that threaten the viability of their farm, such as unpredictable weather or market volatility.

“Farmers across Canada are protecting our land, feeding our families, and creating hundreds of thousands of jobs. Grain Farmers of Ontario sees the new Canadian Agricultural Partnership as having good potential benefit for our farmer-members and partners in agriculture who are consistently looking for innovative ways to meet the needs of people across the globe, and growing healthy, sustainable crops,” said Markus Haerle, Chair of Grain Farmers of Ontario.

The federal and provincial governments will be committing up to $1.5 billion to the Ontario agri-food sector: $1.1 billion for Business Risk Management funding and $417 million for strategic initiatives to help grow Ontario’s agri-food and agri-products sectors.