Western provinces boost agri-business with new incentives

Saskatchewan and Manitoba have rolled out initiatives and incentives to bolster their respective agri-business sectors. These policies focus on value-addition, quality assurance, and market development.

Saskatchewan's value-added Agricultural Incentive is a non-refundable tax credit, applicable to capital expenditures exceeding $10 million, targeting new or expanded agricultural facilities. The primary aim? Add more value to the agricultural sector. Companies can leverage this incentive against their corporate income tax over a span of three to ten years. Interestingly, this doesn't hinder the ability to claim other Saskatchewan-offered incentives.

The criteria for qualifying projects are clear. Projects must involve a capital outlay of $10 million, exhibit a genuine intention to boost productive capacity, and align with the program’s definition of value-added agriculture. A certified third-party must vouch for the increase in productive capacity.

Manitoba Sustainable Canadian Agricultural Partnership is a non-repayable, cost-shared funding tool, which is accessible to value-added food processing businesses, aiding in purchasing processing equipment. The grant range is impressive, with anywhere between $50,000 to $2.5 million up for grabs based on project size.

The province has also introduced four funding streams to assist the agri-processing sector, focusing on enhancing productivity, efficiency, and profitability. Whether it’s capital asset expansion, enterprise resource planning software, quality control capacity building, or supporting co-packing services for scaling food businesses, the Manitoba program will cover it. 

There is also a Sustainable CAP market development program aimed at improving interprovincial trade and export capacity, it funds up to 50% of eligible expenses, with a cap at $30,000. The initiative seeks to launch new products, overcome non-tariff barriers, and open up domestic and international markets. 

Related Articles

  • U of Manitoba CAAR Agronomy Award Winner Announced CAAR annually presents an Agronomy Award of $1,000 to a deserving agriculture student at the University of Manitoba.   Congratulations to Kevin Jungbluth on winning this award.  Jungbluth was also awarded the Gove...
  • Saskatchewan SGI Letter of Approval For CAAR Saskatchewan members, the association has once again successfully renewed the SGI Letter of Approval to Anhydrous Ammonia or Fertilizer Distributors, expiring Dec. 31, 2022. This letter is available for S...
  • Save the Date: 4R Manitoba Field Tour CAAR invites its Manitoba members to join Fertilizer Canada and Double Diamond Farm Supply to see the 4R principles in action and learn about integrating 4R into the Manitoba environment at the 4R Manitoba Summer Fie...

Join the discussion...

You must be logged in as a CAAR member to comment.