Saskatchewan is known for its wide open prairie landscape, so it’s no surprise it’s home to more than 40% of Canada’s cultivated farmland. Saskatchewan supplies more than one-third of the world’s exports of durum wheat, we’re the top export of lentils and dried peas and more than half of Canada’s canola is produced here. Being located so close to these raw goods presents many opportunities for processing food, crop and beverages.
The Saskatchewan Food Industry Development Centre is located in Saskatoon and offers significant expertise in snack extrusion and meat analog development. The centre provides a range of services and works closely with the local and global companies to develop and process products from concept to commercialization.
Saskatchewan is also home to the headquarters of Protein Industries Canada, a new pan-prairie supercluster designed to bring together R&D resources and industry to help develop new products that add value to crops, such as wheat, canola, and lentils, and other pulses
FACTS
- GDP: Agriculture in Saskatchewan contributed $4.44 billion in GDP in 2021
- Exports: In 2022, Saskatchewan exported $18.4 billion in agri-food exports, a 57.5% increase from 2013.
- Employment: Saskatchewan’s agriculture industry employs approximately 27,800 people
- Trade: Saskatchewan continues to be the world’s largest exporter in agri-food products, accounting for 68% of total lentils exported globally, 42% of peas, 56% of durum wheat, 29% of mustard seed, 26% of canola meal, 26% of flaxseed, 36% of canola seed, 42% of oats and 87% of canary seeds
- Investments:
- Farmers Business Network constructed a 198,000-square-foot fulfillment facility, supporting over 6,000 farmers across Saskatchewan and Manitoba.
- Genesis Fertilizers is proposing a $1.7B Urea Fertilizer Plant, along with distribution facilities.
SUPPORT
BUSINESS INCENTIVES
Saskatchewan offers competitive operating costs, world-class R&D and a suite of incentives to help agri-value businesses grow in Saskatchewan:
- Agtech Growth Fund, is a research and development (R&D) funding program designed to accelerate the commercialization of game-changing technological innovations in the province’s agricultural sector.
- Agriculture Development Fund, supports development solutions to emerging problems that constrain production and value-added processing
- Product2Market: Value Added, which promotes the development and expansion of small to medium-sized enterprises by supporting agri-business product development and the marketing of value-added products
- Saskatchewan Advantage Innovation Fund, is a research and development (R&D) funding program designed to accelerate the commercialization of game-changing technological innovations in the province’s core sectors.
- Saskatchewan Chemical Fertilizer Incentive, is a non-refundable, non-transferable 15% tax credit on capital expenditures valued at $10 million or more for newly constructed or expanded eligible chemical fertilizer production facilities in Saskatchewan.
- Saskatchewan Lean Improvements in Manufacturing, provides funding assistance to agribusinesses for adoption of best practices, new technologies and state-of-the-art processes that stimulate improvements in productivity and efficiency.
- Saskatchewan Value-Added Agriculture Incentive, is a non-refundable, non-transferable tax credit on capital expenditures valued at $10 million or more for newly constructed or expanded value-added agriculture facilities in Saskatchewan.
AGRICULTURE TECHNOLOGY HARVEST PROGRAM
SREDA is pleased to offer the Agriculture Technology HARVEST Program. Through this program SREDA provides financial support to international companies with technologies that are applicable to the agriculture industry.
AG IN MOTION INNOVATIONS PROGRAM
Ag in Motion, in partnership with SREDA, is pleased to offer the Ag in Motion Innovations Program. This program celebrates the latest innovations in the Saskatchewan agriculture industry by presenting awards to industry leaders.
Key Industries
Saskatoon is home to the natural resources that feed, fuel and fertilize the world, as well as the innovations that surround these industries.
Business in Saskatoon
Saskatoon’s mix of economic diversity, low business costs and high quality of life make it the perfect place for businesses and people to thrive.