LACOMBE, Alta. — The federal government says it will spend $158 million over four years on research to develop new agricultural products and farm processes.
Under the program, farmers, agriculture companies and non-profit organizations can apply for money to turn new ideas and technologies into market opportunities.
Agriculture Minister Gerry Ritz says the money could be used for research into developing better canola crops or improving beef genetics.
Officials say funding is available from now until 2013.
Agriculture Canada says the program is designed to reduce the time needed for new products and practices to reach the market.
Officials say the program could spur private-sector investment in Canada’s agriculture industry.