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Canada’s agricultural manufacturers applaud Budget 2022 support to strengthen supply chains, support for SMEs

Agricultural Manufacturers of Canada (AMC) President Donna Boyd released a statement following the tabling of the federal budget yesterday:

“Canada’s agricultural manufacturing sector produces the highest quality and most sought-out agricultural equipment in the world and is a key contributor to economic recovery and growth. With global instability and supply chain constraints, investments in Canadian manufacturing are as important as ever.

“Agricultural Manufacturers of Canada was pleased to see that the federal budget focused on investments to ensure resilient supply chains and improve labour shortages. Specifically, AMC commends the government investing $603.2 million over five years to support supply chain projects through the National Trade Corridors Fund, to develop industry driven solutions to use data to make our supply chains more efficient and to continue making Canada’s supply chains more competitive by cutting red tape.

“AMC members, the majority of which are SMEs, export more than $2.8 billion a year in agricultural implements to 153 countries. Better infrastructure is the key to the long-term expansion of production, increased sales and the competitive development of export markets.

“Additionally, AMC recognizes the other important investments contained in the budget, including investments to improve the temporary foreign worker program and support to SMEs to offset carbon prices.

“AMC and our members remain concerned that national labour shortages will continue to impact our ability to efficiently deliver on our commitments to global clients. We continue to urge the federal government to work with industry and other levels of government to address these serious labour shortages in the agricultural equipment manufacturing sector by:

  • Providing a one-time $5,000 personal tax credit to immigrants with foreign trades in order to help them achieve Canadian accreditation and become employed in the Canadian agricultural manufacturing sector.
  • Providing a one-time $10,000 personal tax credit for graduates of Canadian trade schools to incentivize them to choose agricultural manufacturing as a career.
  • Increasing the non-accountable moving allowance from $650 to $5,000 for individuals who move into a rural community for the purpose of employment.

“Agricultural Manufacturers of Canada looks forward to working with the government to implement the important policies announced in Budget 2022 and ensure that Canada’s recovery is driven by our innovative manufacturing sector as we rebuild a stronger, more resilient economy.”

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AMC is a national, member-driven organization dedicated to sustaining a strong, viable and highly respected Canadian agricultural manufacturing industry. With over 250 members, our mission is to foster and promote the growth and development of the agricultural equipment manufacturing industry in Canada.

Donna Boyd, President, AMC

Twitter: @AMCshortlinecda