A key highlight for the Agriculture sector in 2022 was the agreement around the new five year Sustainable Canadian Agricultural Partnership (S-CAP).
Federal Agriculture Minister Marie-Claude Bibeau says she was pleased that she was able to reach an agreement with her Provincial and Territorial counterparts.
"We have increased the budget by $500 million. So it will bring the next partnership to $3.5 billion for the industry. There will be a program that we call the 'Resilient Agricultural Landscape Program' that will reward farmers for the utilization of ecological services that they are providing. We were also able to improve the AgriStability program by increasing the compensation rate from 70 to 80 per cent."
The new S-CAP program begins April 1, 2023 and will run to 2028.
Bibeau says another key move in 2022 was the government's announcement around the new Indo-Pacific Strategy which is something producers were eager to hear about.
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