Regina, SK (Rural Roots Canada) – Farm Credit Canada (FCC) is bringing together more than 20 investment firms in a coalition that plans to inject up to $5 billion into Canadian agriculture and food innovations by 2030.
The move builds on a previous commitment from FCC Capital, the organization’s investment arm, which pledged $2 billion last May to support innovation in the sector. Combined, the two initiatives represent $7 billion in potential new investment over the next four years.
FCC says the funding will target areas such as ag-tech startups, project financing, and expansion opportunities for Canadian food and agriculture businesses.
In a release, Darren Baccus, executive vice-president of Agri-Food, Alliances, and FCC Capital, said this initiative underscores Canada’s growing role in global agriculture.
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“Canada’s farmers, producers, and processors are already among the most innovative and entrepreneurial in the world,” Baccus said. “By bringing this coalition together, we’re crowding in the capital needed to scale breakthrough solutions and deliver the next generation of innovation directly to Canadian producers. This work strengthens our food security at home while accelerating Canada’s rise as an ag and food superpower.”
Federal Agriculture Minister Heath MacDonald called it a “landmark investment” that will bolster innovation, competitiveness and long-term growth across the industry.
Organizations in the coalition include RBC, Northleaf Capital Partners, Area One Farms, District Ventures Capital, Emmertech, Power Sustainable Lios, and SVG Ventures, among others.
