Business & Policy
AAFC invests additional $15.2 million in ACT program
May 25, 2022 By Top Crop Manager
Agriculture and Agri-Food Canada have confirmed an investment of more than $15.2 million under the Agricultural Clean Technology (ACT) program to support farmers adopting clean technologies. In total, 47 projects across Canada will be funded.
Under the program, farmers and agri-businesses will have access to funding to develop and adopt technologies to reduce greenhouse gas emissions. The funding is focused on three priority areas: green energy and energy efficiency, precision agriculture, and bio economy solutions.
Of the total $15.2 million, $2.3 million will be dedicated to five projects in British Columbia. One of those recipients is Vancouver-based Terramera Inc., which received $2 million in funding through the ACT Research and Innovation Stream. Terramera is currently working to provide more consistent and precise measurement of soil carbon.
“Soil is critical to food production and farming,” said Karn Manhas, founder and CEO of Terramera in a statement. “Improving soil health and carbon in soils helps lower costs of inputs while improving outputs and nutrition, which means higher profits for farmers. This is a key opportunity to strengthen our economy, and our food security as a nation. In addition, improving soil health sequesters carbon, which can help turn back the clock on climate change, while increasing water retention in soils, and the resilience of farms”