The Crown corporation created an investment arm in 2024, led by former PSP Investments portfolio manager Adam Smalley, to put capital into agriculture and food businesses. FCC said it’s made $170 million in investments so far, as both a direct funder of early-stage businesses and a limited partner in other funds. (The Logic)
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The Crown corporation created an investment arm in 2024, led by former PSP Investments portfolio manager Adam Smalley, to put capital into agriculture and food businesses. FCC said it’s made $170 million in investments so far, as both a direct funder of early-stage businesses and a limited partner in other funds. (The Logic)
Talking point: Farm productivity soared in the last century but improvements have trailed off. Meanwhile, venture investments in Canadian agtech are minuscule compared to those in the United States even adjusted for population differences, the agency’s announcement said, putting Canadian industry at a disadvantage despite its importance to the economy. Statistics Canada says food production and processing accounted for about three per cent of Canada’s GDP in 2023, several times as much as the auto sector.
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