Canadian Budget Includes Major Cuts to Agriculture, New Incentives for Investment

Host of RealAg Radio Shaun Haney discusses how the proposed reductions to agriculture programs in Canada’s new budget could affect research and support programs that farmers need.

ALBERTA, CANADA (RFD-TV) — Canadian Prime Minister Mark Carney released his government’s first budget on Tuesday, outlining significant spending shifts — including more than $100 million in cuts at Agriculture and Agri-Food Canada.

Host of RealAg Radio Shaun Haney joined us on Wednesday’s Market Day Report to discuss how the reductions could affect research and support programs that farmers rely on.

In his interview with RFD-TV News, Haney says it remains to be seen whether the measure will meaningfully improve competitiveness on Canadian farms. At the same time, the budget introduces a new “productivity super-deduction” to encourage business investment.

The government also emphasized trade diversification and the development of new export corridors, part of a broader effort to reduce dependence on existing markets. Haney says that while those initiatives could benefit agriculture in the long term, questions remain about how quickly producers will see results.

Related Stories
David Fisher with the American Lamb Board joined us to discuss a new sustainability program designed to boost producer profitability while supporting stewardship practices.
David Gruchot with USDA APHIS joined us to discuss the growing threat of invasive pests and the steps individuals can take to help protect U.S. agriculture.
Trade disputes can quickly reduce demand for key crops.
ASFMRA’s Shawn Wood joins us to discuss farmland market trends in Arizona and the key factors shaping land values and water-driven decision-making.
CoBank Lead Energy Economist Teri Viswanath discusses their analysis of rising energy costs, rural impacts, and the outlook for fuel prices amid ongoing global uncertainty.
Risk management and diversification improve survival odds. Heidi Exline with American Farmland Trust discusses barriers to farmland access and efforts to connect the next generation of producers with retiring farmers.

LATEST STORIES BY THIS AUTHOR:

Tractor Supply’s Paper Clover Campaign raises millions of dollars each year for 4-H youth programs and scholarships. Local store community marketing manager Lexie Gamble joined Tuesday’s Market Day Report alongside 4-H student Matthew Rochford to discuss the partnership.
The cast of “Farmer Wants a Wife” joined us to share their stories and preview Season 4 of the series, which premieres April 21 on FOX.
Lane Howard and Adam Andrews with the National Corn Growers Association joined us in the studio discuss EPA’s approval of summer E15 sales, ongoing fuel market concerns, and the industry’s push for a long-term biofuels solution for farmers.
Alan Bjerga with the National Milk Producers Federation discusses how stewardship is driving efficiency, profitability, and competitiveness in the dairy industry.
Farm Bureau officials say the findings underscore mounting pressure on producers heading into the 2026 growing season, with input costs continuing to outpace farm income.
Corey Rosenbusch with The Fertilizer Institute joined us to discuss supply chain disruptions and what farmers should watch as global tensions impact fertilizer markets.
U.S. Secretary of Agriculture Brooke Rollins announced the availability of over $275 million in grant funding in FY2026 for the specialty crop industry in the United States through three USDA programs.