Agriculture is the world’s main source of food. It produces vegetables, proteins, carbohydrates, and oils. As a result, the agriculture and agri-food sector are big contributors to the Canadian economy. In 2021, it generated $134.9 billion (around 6.8%) of Canada’s gross domestic product (GDP). That is why Canadian Agricultural Partnership introduced the Advancing Agri-Food Processing Program. The Program aids small and medium sized enterprises to undertake product development activities, enhance efficiency and competitiveness for the value-added agriculture and agri-food sector. Value-added is defined as any activity that increases the market value of a raised or grown food product.
There are 2 elements of the Advancing Agri-Food Processing Program:
- Product conception and development: Provides funding to undertake the development of new agri-food products.
- Production improvement: Provides funding for activities that will increase efficiency and competitiveness in agri-food processing companies.
Type of Funding Available
Financial assistance of up to $75,000 to cover 50% of the costs of conception and development of new agri-food products and $75,000 to cover 50% of making the production of existing products more efficient and competitive. In total the funding amount is up to $150,000 to cover 50% of costs.
Funds will be awarded on project merit and objectives of the program (risk and benefit to Province of New Brunswick). Merit will be determined by the department based on supporting documents such as, but not limited to, business plan, executive summary, letter of intent, and project details (supporting financial information is encouraged).
Agriculture producers considered New Entrants are eligible for an additional 10% cost share on top of the approved cost share for a particular program. The total cost share will not exceed 100%. New Entrant is defined as an individual who has reported farming income or owned a farm for 5 years or less.
- Agricultural Producers (individuals or groups)
- Agriculture Producer Associations
- Academic or Research Institutions
- Indigenous People or Organizations
- Other individuals or groups capable of achieving program objectives
Product Conception and Development
- Conception/creation of logo and labels (includes nutritional label)
- Specialised training for up 2 employees or in-house training (Cost associated with travel and instructor or course fees)
- Value-added business plan/implementation plan/feasibility plan/market research and analysis (aimed at value added)
- Product testing/Focus group (consultant expert fee)
- Purchase of specialized and/or automated equipment
- Efficiency improvement/Benchmark analysis (consultant expert fee).
The deadline to apply for this Program is February 28th, 2023.
The program funding stops on March 31, 2023, but applications can be submitted on an ongoing basis. Applications must be submitted by February 28th of the fiscal year.