Sustainable Innovation in the Canadian Agrifood Sector: Past, Present & Future
DOI:
https://doi.org/10.55016/ojs/sppp.v17i1.78334Abstract
In order to remain globally competitive with sustainable innovations in agri-food, both the public and private sectors in Canada must increase investment and in the industry.
Studies reveal that both sectors’ support for agri-food innovation has declined in recent years. To spur innovation and growth public funding should revert to previous levels, ideally reaching 0.10 per cent of GDP. Incentives such as tax relief, matching funds and enhanced protection of intellectual property rights could spur increased levels of private sector investment in innovation.
In the past 50 years, innovation in agriculture has brought tremendous benefits to producers, processors and consumers. Successful innovations include genetically modified crops, large-scale cattle feeding operations and the adoption of no-till farming, which has reduced the traditional practice of summerfallowing fields. Still, with the demand for a secure global food supply and growing concerns about the environmental impacts of large-scale farming, the need for sustainable innovation in the agri-food sector is pressing.
This paper offers three recommendations for policy-makers. First, public funding for agricultural research and development should be increased to prior levels. Next, the private sector needs more favourable conditions to foster investment in the agri-food industry. Last, if intellectual property rights are strengthened, innovating firms will be reassured that they can capture the economic benefits innovation creates.
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