Agriculture and Agri-Food Canada

Agriculture and Agri-Food Canada

June 25, 2015 13:02 ET

Harper Government Invests to Grow Markets for Canadian Soybeans

GUELPH, ONTARIO--(Marketwired - June 25, 2015) - Agriculture and Agri-Food Canada

Harold Albrecht, member of Parliament for Kitchener-Conestoga, on behalf of Agriculture Minister Gerry Ritz, announced today an investment of $358,175, to Soy Canada to help identify new and emerging international markets and demand for Canadian soybean products.

This investment will enable Soy Canada to implement a market development strategy, attend international trade shows and lead missions to raise awareness of Canadian soybeans, concentrating efforts on expanding key markets in China, the United States, Korea, Japan and Europe.

Quick Facts

  • Canadian soybeans, a nutritious source of protein, are a growing favourite on the world stage, especially in Asia. Canada is the world's 5th largest exporter of soybeans, exporting to over 55 countries in 2014.
  • Since 2000, soybean production in Canada has increased 123.7 percent. Soybeans are now the 4th largest crop by acreage in Canada with a production of 6.04 million metric tonnes in 2014.
  • In terms of farm cash receipts, soybeans rank 3rd in value, behind only canola and wheat, reaching $2.4 billion in 2014. This investment is being made under Agriculture and Agri-Food Canada's AgriMarketing Program, a five-year, up to $341-million initiative under Growing Forward 2.

Quotes

"Canada's soybean sector has experienced steady growth and development over the past decade. We are proud to support the soybean sector in its efforts to develop new markets, which creates economic opportunities for our farmers and increases demand for Canadian products. "

- Harold Albrecht, Member of Parliament for Kitchener-Conestoga

"As acreage and production of soybeans increases quickly in Canada, our industry is seeking to develop new markets and expand existing ones," said Jim Everson, Executive Director of Soy Canada, "this strong support from the Government of Canada will be invaluable in helping our industry expand exports."

- Jim Everson, Executive Director, Soy Canada

Associated Links

- Growing Forward 2 (Agriculture and Agri-Food Canada)

- AgriMarketing Program (Agriculture and Agri-Food Canada)

- Canadian Soy (Agriculture and Agri-Food Canada)

- Soy Canada

Contact Information

  • Emily Hogeveen
    Press Secretary
    Office of the Honourable Gerry Ritz
    613-773-1059

    Media Relations
    Agriculture and Agri-Food Canada
    Ottawa, Ontario
    613-773-7972
    1-866-345-7972
    Follow us on Twitter: @AAFC_Canada