Marie-Claude Bibeau, Minister of Agriculture and Agri-Food Canada, and André Lamontagne, Quebec Minister of Agriculture, Fisheries and Food, announce the signing of a bilateral agreement under the new Sustainable Canadian Agricultural Partnership (Sustainable CAP). This agreement includes a joint investment by the governments of Canada and Quebec estimated at $955 million in the Quebec agri-food sector over the next 5 years.
This is an additional $97M in funding compared with the previous strategic framework, a 25% increase in the envelope for cost-shared strategic initiatives.
The agreement also highlights Quebec's leadership in improving agri-environmental practices by recognizing and providing specific funding for the Ministerial Initiative on Compensating Agri-environmental Practices. Quebec is thus equipped with additional tools in the pursuit of its sustainable agriculture objectives and continues to act to develop a prosperous and resilient bio-food sector.
The partnership will contribute to the achievement of targets, objectives and indicators established by Quebec as part of its plans and strategies for the bio-food sector. It also establishes parameters for the pan-Canadian Business Risk Management (BRM) programs of AgriInvest, AgriStability, AgriInsurance and AgriRecovery to make them more timely, equitable and simple. This includes increasing the compensation rate in the AgriStability Program from 70% to 80%.
