FCC advancing Agtech innovation

Farm Credit Canada is investing $2 billion to advance agtech innovation in Canada’s agriculture and food industry. 

The money which will be invested by 2030 will direct more investment into innovative devices, instrumentation, research, and methodologies designed to improve efficiency, productivity, and sustainability.

Stats show Canada’s agtech sector is lagging, putting Canada at a strategic disadvantage, while Japan  and the European Union have been increasing investments in ag tech.

In 2023, Canada’s venture capital investments in the sector were 10 times below the United States when adjusted for population.