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Farm Credit Canada (FCC) has announced a $2-billion commitment to agriculture and food innovation by 2030, funnelling the investment through its newly launched capital arm, FCC Capital.
The federal Crown corporation says the funding will support the development of new technologies, research and business models aimed at increasing efficiency, productivity and sustainability across Canada's agri-food sector.
“Canada’s economic future requires an agriculture and food industry leading the world in innovation and productivity,” said FCC president and CEO Justine Hendricks in a news release issued Thursday. “Through this investment, FCC is delivering on its commitment to be a catalyst and support innovation and productivity in one of Canada’s most important and investable sectors.”
Launched in 2024, FCC Capital offers equity investments and fund partnerships spanning from early-stage ventures to late-stage companies across the agriculture and food value chain. In its first year, the group closed nine direct investment deals totalling $170 million and invested in three new funds. It also added a new business accelerator to its portfolio.
The announcement was made by Darren Baccus, executive vice-president of agri-food, alliances and FCC Capital, during the Invest Canada 2025 conference in Vancouver.
“With this $2-billion allocation, FCC will continue its long history of supporting and partnering with the Canadian ag and food industry to offer greater security and sustainability in a highly competitive global market,” said Baccus.
The move comes amid concerns about Canada’s lagging agtech investment levels. In 2023, venture capital investment in the sector reached just $270 million — about one-tenth of U.S. investment when adjusted for population. By comparison, countries such as Japan and members of the European Union have significantly ramped up their spending in agtech.
FCC, headquartered in Regina, is a commercial Crown corporation that provides financing, knowledge and capital to producers, agribusinesses and food processors across Canada. The organization reinvests its profits into the agriculture and food industry and the communities it serves.
For more information, visit fcc.ca.