The federal government is investing over $9 million to the Canola Council of Canada. (Photo 13762623 | Canola © Minyun Zhou | Dreamstime.com)

By Justin Goulet

Ottawa invests over $9 million for canola industry

Nov 14, 2023 | 12:08 PM

GLENLEA, MB – The federal government has announced a funding boost for the canola sector.

On Tuesday, November 14, 2023, federal Minister of Agriculture and Agri-food Lawrence MacAulay announced over $9 million to the Canola Council of Canada (CCC). The funding comes through the AgriScience Program – Clusters Component, which is an initiative under the Sustainable Canadian Agricultural Partnership.

MacAulay stated, “The global demand for Canadian canola seed, oil and meal is growing, and we’re committed to helping the sector meet these demands and establish new markets.”

He added, “This new investment in research and innovation is vitally important to ensuring our Canadian canola farmers have a sustainable and profitable future.”

The goal of the Canola Cluster is to increase the country’s canola productivity, help the sector meet rising global demands and improve Canada’s competitiveness across the world. Officials said to achieve these objectives, activities undertaken by the CCC with this funding will focus on three key areas: research on sustainable and reliable supply, increasing value, and ensuring stable and open trade.

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The federal government noted that this will contribute to reducing greenhouse gas emissions, increase carbon sequestration, improve soil and water quality, and enhance biodiversity.

Chris Davison, president and CEO of the CCC said, “Canola is a story of innovation, and research partnerships are critical to unlocking canola’s continued success.”

He continued, “This research will help the sector address new and evolving agronomic challenges, drive further resilience and growth, and build on canola’s strong contribution as a climate solutions provider.”

Canola is the country’s second largest acreage crop, with roughly 20 million acres produced every year. In 2022, it generated $13.7 billion in farm cash receipts.

READ MORE: Lethbridge News Now.

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by Justin Goulet

Ottawa invests over $9 million for canola industry

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