Prime Minister Mark Carney was at the Ontario Food Terminal where he announced $1 billion for food terminals, including the one where he made the announcement.
He said two more food terminals will be established to help Canadian farmers market their produce.
He said the $1 billion adds to $2.3 billion being spent to help lower-income Canadians afford food.
It also includes $150 million toward a new food security fund, $100 million for supporting global innovation clusters and a $1-billion Agri-Food Project Finance Fund to be delivered through Farm Credit Canada.
The government aims to increase Canadian consumption of domestically produced and processed food from 70 to 80 per cent and he GDP growth of the food processing industry from 1.6 per cent a year to 2.75 per cent between 2027 and 2035.
It’s not clear whether two food wholesale operations in the Waterloo Region might qualify for some of the.$1 billion.
One is the Elmira Produce Auction Cooperate Inc. which wholesales food from Mennonite farms and greenhouses.
The other is St. Jacobs Foods which was purchased by Richard and Sherri Good and moved to New Hamburg.
