Federal, provincial governments announce $46-million agreement for P.E.I.’s agriculture industry
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CHARLOTTETOWN, P.E.I. — The federal and provincial governments have introduced a $46-million partnership geared toward boosting P.E.I.’s agriculture sector.
The cash comes by means of the Sustainable Canadian Agricultural Partnership — a brand new $3.5-billion, five-year settlement between the federal, provincial and territorial governments.
The settlement runs from April 2023 to March 31, 2028. The funding for P.E.I. represents a 25 per cent enhance from the earlier settlement and will probably be cost-shared between federal and provincial coffers.
The brand new cash will probably be directed towards over a dozen program streams that purpose to help the competitiveness and resiliency of the agriculture business.
Particular tasks might embody the event of perennial cowl crops, erosion management and the P.E.I. Livestock Technique, geared toward boosting the livestock sector.
That features applications to encourage the event and adoption of perennial cowl crops to construct resiliency in soils and scale back erosion, in addition to funding for the Prince Edward Island Livestock Technique that helps the event of the livestock business.
“The native agriculture business is our Island’s satisfaction and pleasure, in addition to our financial spine,” mentioned provincial Agriculture Minister Bloyce Thompson. “It fosters neighborhood well-being and progress, and contributes billions of {dollars} in the direction of the native economic system.”
