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
Iowa farmer Derek Hommer joined us to discuss grain bin safety, ongoing prevention efforts, and the importance of community preparedness during Nationwide’s Grain Bin Safety Week.
Congresswoman Celeste Maloy of Utah joins Champions of Rural America to discuss her new leadership role in the Western Caucus and her perspective on the Supreme Court’s ruling on President Trump’s tariff policy.
Tommy Roach with Nachurs Alpine Solutions discuss fertilizer decision-making, plant fertility strategies, and what farmers can learn at Commodity Classic.
Kerry Hartwig from Sukup Manufacturing previews the grain management solutions they plan to share with producers at the upcoming Commodity Classic in San Antonio.
FBN co-founder Charles Baron previews the upcoming Farmer2Farmer event and how technology and AI are shaping the industry, offering growers practical insights and farmer-led strategies for modern agriculture.
Farm Bureau Economist Faith Parum discusses the latest Farm Bill proposal and the path ahead for Congress and U.S. agriculture.

LATEST STORIES BY THIS AUTHOR:

OOIDA’s Lewie Pugh discusses the EPA’s new Right to Repair guidance and other regulatory developments impacting the trucking and agriculture industries.
Tyler Schuster is an ag industry advocate who mentors and supports the next generation, especially women finding their place in the cattle industry.
NCBA Chief Counsel Mary-Thomas Hart breaks down CAFO permits, EPA enforcement, and what cattle producers need to know as rules continue to evolve.
Rebuilding domestic textiles depends on automation and vertical integration, not tariffs or legacy manufacturing models.
RFD NEWS correspondent Frank McCaffrey spoke with U.S. Congressmen Henry Cuellar (D-TX) and John Rose (R-TN), who say bipartisan cooperation will be key to getting the Farm Bill to the president’s desk.
Merck’s Gary Tiller discusses new virtual fencing technology and how fence-free livestock management could change the way ranchers manage land and cattle.