Ag Component of the Provincial Budget includes Animal Protection Services
The new three year funding agreement was announced in today’s provincial budget.
The organization in charge of animal protection services will receive $800,000 a year for investigative services. That’s an increase from the previous $610,000.
The agriculture budget is 378.6 million dollars or about $10 million less than it budgeted last year but on par with actual spending.
This includes funds for business risk management programs as well as research and the adoption of new technologies.
The provincial government also introduced the Saskatchewan Value-Added Agriculture Incentive. It has been launched through the trade and export development ministry.
It will provide a 15 percent non-refundable and non-transferable tax credit to new or existing value-added facilities that invest a minimum of $10 million to expand capacity. This includes facilities such as pea processing or canola processing plants.
Eligible projects must demonstrate that the capital expenditures were to create new or expand existing productive capacity.
The benefit redemption is 20 percent in the first year after the facility begins operating, 30 percent in the second year and 50 percent in the third year.