McGuinty Government Invests In Rural Ontario
$185 Million Investment Builds Opportunity For Farmers, Improves Rural Infrastructure
Premier Dalton McGuinty today announced a new investment in rural Ontario that will build opportunity for farmers and strengthen vital infrastructure in rural communities.
"Farmers are the backbone of our rural communities and they've helped build a world-class agri-food sector in Ontario," said Premier McGuinty. "We want to continue to do our part to support growth and innovation in the agri-food industry to make sure our farmers and their families find success."
The McGuinty government will invest an additional $185 million in rural Ontario. Of this, $110 million will go directly to farmers to provide transitional funding as we move to a better method of valuing inventory under the Canadian Agricultural Income Stabilization program, and to continue the Self-Directed Risk Management program. Another $75 million will be invested in rural infrastructure.
Premier McGuinty made today's announcement at the International Plowing Match in Peterborough. He was joined by Leona Dombrowsky, Minister of Agriculture, Food and Rural Affairs.
"The McGuinty government recognizes the challenges facing Ontario farmers, and today's announcement will help them meet those challenges," said Dombrowsky. "Today's investment in rural development is another example of the McGuinty government's commitment to the strength and success of Ontario's rural communities."
Building opportunity for farmers and investing in rural infrastructure are just the latest examples of how the McGuinty government is working on the side of Ontario families to strengthen rural communities.
Other initiatives include:
- Investing $800 million in farm income stabilization and support programs
- Creating a $520-million Ontario Ethanol Growth Fund to support the construction of ethanol plants that will build opportunity and create jobs in rural communities
- Investing $40 million annually in agri-food research and innovation
- Providing $317 million in support, along with federal partners, to farmers hurt by the repercussions of BSE.
"Ontario's agricultural sector is a vital contributor to our growing economy," said Premier McGuinty. "We're going to continue to work with the agri-food industry to chart a course for the future that will build opportunity for farmers and strengthen our rural communities."