Thank you, Chair. It's a real pleasure to be here. I've spent a little bit of time on this committee as a member, and I know the great work you do.
Hello, everyone.
It's a real pleasure for me to be back here with the Standing Committee on Agriculture and Agri-Food.
As a former member of this committee, I know very well how important your work is to the agriculture and agri-food sector.
I'm deeply humbled to serve as the Minister of Agriculture and Agri-Food. I'm proud to work with you to move the sector forward.
I'll take a couple of minutes before our discussion to speak about my mandate as a minister and how that's played out over the last five and a half months or six months.
Right out of the gate, I made every effort to get boots on the ground, especially given the huge uncertainty and instability that our farmers are facing at this time. Over the summer, I was able to visit farms in all three prairie provinces. In Saskatchewan, we had a great stop at Rob Stone's farm—many of us know him—including a couple of rounds in his new sprayer without doing any damage. I was also able to take in the Stampede, and I aim to be at the Agribition in November. I visited producers and agribusinesses in New Brunswick and Nova Scotia. A highlight was the Strang family farm. They expanded their potato operation to include an on-farm distillery for smaller potatoes that would normally go to waste.
One very positive sign was our unanimous agreement to make AgriStability more bankable for producers by increasing the compensation rate from 80% to 90% and doubling the payment cap from $3 million to $6 million.
I also made sure to sit down with canola producers across the Prairies as we work to restore our trade with China. In mid-September, I joined the Prime Minister for a meeting with our canola industries right here in Ottawa. The Prime Minister followed up with some targeted measures for the canola sector, for a start, to ensure that the signal was sent that we're there for them.
Based on what I'm hearing on the ground, I see my mandate as three key deliverables for producers in the sector: expand and build our trade to key markets, unleash greater potential by cutting red tape and invest in tech and innovation.
On trade, we are doubling down to help producers diversify their markets around the world. In August, I led a trade mission with the industry to the Indo-Pacific. I can tell you, our customers there want more of our high-quality food. Last week, I was in Mexico with industry to grow our trade there. Secretary Berdegué and I were definitely on the same page when it comes to the need to strengthen our integrated North American value chains.
On red tape reduction, I thank the committee for looking at this issue, which is front and centre for the sector and our government. It has been front and centre for me for some time.
Canada's regulatory system is based in science and considered among the most robust in the world, but it can also be challenging for producers and agribusinesses to navigate. We need an even playing field with the countries we trade with, and we need to expedite those regulatory decisions to keep our industry competitive. CFIA has recently taken a number of positive steps in that direction.
Finally, we know that innovation is key to a competitive sector. Alongside our innovation programs, I am also committed to looking at new avenues for investment in partnership with the industry. I've had some great meetings with investors who see huge potential in our sector of agri-food and agriculture. To help jump-start that investment in ag tech, Farm Credit Canada recently launched a $2-billion capital investment fund.
In short, Mr. Chair, whenever we make a decision, we want to take the same approach as our farmers do, through an economic lens. After all, we're talking about an industry that contributes $150 billion to our GDP, $100 billion to our exports, and one in nine jobs in Canada. The Prime Minister often says that he wants to make Canada the strongest economy in the G7. He can't do it without agriculture.
I want to thank you, Mr. Chair and committee members, for having me here today. I look forward to the discussion and the questions.
I want to add that I'm here to learn as much as possible from you. There are some farmers sitting around this table, and I appreciate their input as well.
Thank you.