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Value-added agriculture investment encouraged
Finally On The Land
business environment in our province.” Qualifying projects include new and existing value-added agricultural facilities. To be eligible, a project must have $10 million in new capital expenditures, demonstrate that capital expenditures were made for the purposes of increasing productive capacity, and meet the definition of value-added agriculture. Potential examples include pea protein processors, oat milling operations, malt producers, or cannabis oil processing facilities. The incentive is designed to be used in addition to other existing incentives in Saskatchewan that a project could also qualify for. Redemption of the benefits is limited to 20 per cent in year one after the facility enters operation, 30 per cent in year two, and 50 per cent in year three. There will be a maximum carry-forward of 10 years on any remaining credit amount.
Staff
A post on the News-Optimist Facebook page calling for submission of photos of farmers on the land provoked an enthusiastic response. The late spring has had farmers anxious to finally get started on spring fieldwork. This photo of a farmer doing just that was taken with a drone. Photo submitted by Cameron Scherman
$14M allocated to rural infrastructure Staff
The Government of Saskatchewan is investing $14 million to improve rural roads, bridges and culverts throughout Saskatchewan, according to a government press release The Municipal Roads for the Economy Program provides funding for municipal roads impacted by increased truck traffic, as well as bridge and culvert projects. “The rural municipal
road system plays an important part in getting our exports to market.” Highways and Infrastructure Minister David Marit said. “Our investment in MREP supports municipalities and plays an important part in keeping our economy strong.” The Saskatchewan Association of Rural Municipalities administers MREP. Grants cover up to 50 per cent of the costs of road projects and 30 to 90 per
cent of the costs of bridge and culvert projects. Eleven rural municipalities will be receiving grants this year, the ministry says. Funding for the program remains the same as last year. Clearing the Path corridors will receive a significant portion of this year’s program grants. This year, $6.6 million will be invested in its operation and maintenance. The CTP provides rural communities with access to prima-
ry weight roads in order to help facilitate economic development, the government says. “We appreciate the government’s continued support for rural Saskatchewan,” SARM president Ray Orb said. “Saskatchewan’s growth is fueled by resource exports and MREP ensures money is invested back into the rural transportation system that supports those exports.”
SPRING r a l u c a t c e SAVINGS! p S
Trade and Export Development Minister Jeremy Harrison has introduced Bill 125, the Saskatchewan Value-Added Agriculture Incentive, for first reading in the Saskatchewan Legislature. The incentive, announced as part of the 201819 budget, is designed to improve investment attraction and retention outcomes in the province’s value-added agriculture sector, according to the government. It offers a 15 per cent non-refundable tax credit for value-added agriculture facilities that make a significant capital investment to expand production capacity. “Robust economic growth and new investment in key sectors is crucial to Saskatchewan’s people and their communities,” Harrison said. “To accomplish this, we must continually find new ways to foster a competitive
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