Farm Credit Canada (FCC) has unveiled plans to invest $2 billion by 2030 aimed at accelerating technological innovation within the agriculture and food industries. This strategic funding initiative focuses on advancing agtech solutions that enhance productivity, operational efficiency, and environmental sustainability across the sector.

The capital will be channeled through FCC’s investment division, FCC Capital, established in 2024 to support companies at every stage—from early startup phases to mature growth ventures. In its first year of operation, FCC Capital completed nine direct investments totaling $170 million, alongside backing three new investment funds and launching a business accelerator program.

Justine Hendricks, President and CEO of FCC, emphasized the critical need for increased investment to meet the evolving challenges and opportunities within Canada’s agri-food landscape. “The future of Canada’s economy hinges on an agriculture and food industry that leads globally in innovation and efficiency,” Hendricks stated. “This funding commitment represents our dedication to fueling the sector’s transformation through cutting-edge technologies and practices.”

By prioritizing funding for innovative equipment, advanced instrumentation, and research initiatives, FCC aims to support sustainable growth and competitiveness for Canadian producers and manufacturers in the years ahead.