FCC convenes coalition pledging up to $5B for Canadian agriculture and food innovation by 2030

Farm Credit Canada says it has convened a coalition of more than 20 investment organizations prepared to deploy up to $5 billion into Canadian agriculture and food innovation by 2030.

The Crown corporation said the pledge, combined with a previously announced $2-billion commitment from its investment arm, FCC Capital, represents a total of $7 billion in new investment earmarked for the sector by the end of the decade.

The announcement signals an effort to increase the flow of capital into agricultural innovation and related businesses, including early-stage ag-tech companies, construction and project finance opportunities, and other Canadian firms serving farmers and food producers.

FCC said the coalition builds on a May 2025 commitment by FCC Capital to invest $2 billion by 2030 to support innovation across the agriculture and food industry. The organization said FCC Capital is on track to deploy $325 million in new capital during its fiscal year ending March 31, 2026.

Coalition aims to scale innovation

According to FCC, the combined commitments are intended to expand Canada’s capacity to scale agriculture and food innovation and accelerate commercialization across the value chain.

The Crown corporation cited RBC Thought Leadership estimates that total annual investment in agricultural innovation stood at $270 million in 2021. FCC said the coalition positions Canada to increase that level of investment.

Darren Baccus, executive vice-president, Agri-Food, Alliances and FCC Capital, said the initiative is focused on bringing additional private capital into the sector.

“Canada’s farmers, producers, and processors are already among the most innovative and entrepreneurial in the world,” said Darren Baccus, executive vice-president, Agri-Food, Alliances and FCC Capital. “By bringing this coalition together, we’re crowding in the capital needed to scale breakthrough solutions and deliver the next generation of innovation directly to Canadian producers. This work strengthens our food security at home while accelerating Canada’s rise as an ag and food superpower. FCC remains rigorously focused on supporting Canadian farmers and ensuring our work delivers tangible, measurable impact for them.”

FCC said the commitments reflect what it described as long-term potential in the agriculture and food sector at what it called a pivotal moment for the industry.

Federal support

Federal Agriculture and Agri-Food Minister Heath MacDonald said the investment would support the sector’s growth and competitiveness.

“Agriculture is one of the most important and investable sectors of our economy,” said Minister of Agriculture and Agri-Food, Heath MacDonald. “This landmark investment will strengthen Canada’s leadership in agriculture and agri-food innovation, while charting a course for long-term growth, competitiveness, and resiliency for generations to come.”

Participating investors

FCC said the coalition includes the following investment organizations:

• Area One Farms

• Arterra Growth

• Bonnefield Financial

• District Ventures Capital

• Emmertech

• Glengarry Farm Finance Corporation

• InvestEco Capital Corp.

• Maverix Private Equity

• Nàdarra Ventures

• Northleaf Capital Partners

• NYA Ventures

• Power Sustainable Lios

• Radicle Growth Food and Agriculture Venture Capital

• Royal Bank of Canada (RBC)

• S2G Investments

• Seminal Capital Holdings, LLC

• SVG Ventures

• Tall Grass Ventures

• Tikehau Capital

• Yaletown Partners

About FCC

FCC is a commercial Crown corporation that provides financing and capital solutions to the Canadian agriculture and food industry. The organization said it reinvests its profits back into the industry and the communities it serves and offers financial and non-financial products and services intended to support the sector’s needs.

Mario Toneguzzi is Managing Editor of Canada’s Entrepreneur. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 and 2024 as one of the top business journalists in the world by PR News. He was also named by RETHINK to its global list of Top Retail Experts 2024, 2025 and 2026.

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