HOLMESVILLE (GNB) – New Brunswick farmers and food processors will have access to funding for new, innovative agriculture programs under the new Canadian Agricultural Partnership.

“This partnership is a significant investment in the agriculture and agri-food sectors,” said Agriculture, Mines and Rural Affairs Minister Andrew Harvey. “We are working with our federal and sector partners to drive sustainable growth, innovation and competitiveness in this sector.”

The federal and provincial governments announced details of $37 million in partnership funding that will be invested in the agriculture sector between now and 2023.

Funding will continue to be for programs promoting innovation, research, competitiveness, market development and risk management while also giving new attention to initiatives related to public trust, climate change, value-added agriculture, and agrifood processing.

“The governments of Canada and New Brunswick are committed to ensuring farmers and processors have the tools they need to innovate, grow and prosper. The funding announced today under the Canadian Agricultural Partnership will, over the next five years, move the industry forward here in New Brunswick, while creating well-paying middle class jobs and delivering prosperity to communities across the Canada,” said Tobique-Mactaquac MP T.J. Harvey.

Harvey attended for federal Agriculture and Agri-Food Minister Lawrence MacAulay.

The agreement is part of a commitment by federal, provincial and territorial governments to promote productivity and profitability for the sector. The programs are designed to help the industry position itself to respond to future opportunities and to realize its full potential as a significant contributor to the economy. Programs are also tailored with the flexibility to meet diverse regional requirements.

The partnership is a five-year, $3-billion investment by federal, provincial and territorial governments that aims to strengthen the agriculture and agri-food sector and ensure continued innovation, growth and prosperity.

The partnership includes $1 billion for federal activities and programs, and $2 billion in cost-shared programs delivered by provinces and territories on a 60-40 basis.

In addition to cost-shared strategic initiatives, the partnership includes several business risk-management programs to help farmers manage risks that threaten the viability of their farms.

Under the agreements, governments will continue to offer funding for a complete set of Business Risk Management programs to ensure farmers are protected against severe market volatility and unforeseen natural disasters. A list of provincial, federal and cost-shared programs to assist the agriculture industry in various areas of activity is available online.