$500K being shifted around to help P.E.I. agricultural sector respond to U.S. tariffs
Federal and P.E.I. money aimed at programs to develop markets and business plans
The P.E.I. Department of Agriculture and the Government of Canada have announced they are redirecting $500,000 to help the provincial agriculture sector in response to the tariffs imposed by U.S. President Donald Trump.
These funds will flow into three programs falling under the Sustainable Canadian Agricultural Partnership programming. That's a five-year, $3.5 billion plan to help farmers, operators and producers across the country.
According to a news release, it aims to "strengthen the competitiveness, innovation, and resiliency of Canada's agriculture, agri‐food, and agri‐based products sector."
The Product and Market Development Program is designed to expand domestic and international competitiveness for small and medium-sized agricultural producers.
The Strategic Industry Growth Initiative is meant to help the agriculture sector speed up the commercialization of food products.
The Business Development Program provides training on things like business planning and implementation, organizational development, and risk activities.
The news release says the P.E.I. Department of Agriculture will assess the applications. It will also work with the P.E.I. Department of Economic Development, Innovation and Trade to support agricultural initiatives.