AEM Appears Before Standing Committees on Agriculture and Finance

Federal Parliament Building of Canada; Ottawa, Ontario, Canada

Source: AEM

AEM recently appeared before Standing Committee on Agriculture and Agri-Food, and also the Standing Committee on Finance.

During the hearings, entitled “Pre-Budget Consultations in Advance of the 2019 Budget” and “Study on the Advancements of Technology and Research in the Agriculture Industry that can Support Canadian Exports,” AEM highlighted the industry’s public policy priorities and the challenges facing the industry in Canada.

At the Standing Committee on Finance, AEM addressed the importance of trade for growth and investment, how capital cost allowance and deprecation rates affect equipment sales, and the challenges our members companies have using the Science Research and Experimental Development (SRED) tax incentive program, one designed to encourage business to conduct research and development in Canada. Members of the Finance Committee did take note of our recommendations on SRED and are supportive of the recommendation for the government to issue a reinterpretation bulletin on this tax incentive program.

While at the Standing Committee on Agriculture and Agri-Food, AEM highlighted how recent technology development is reshaping precision agriculture and how further broadband investment is required for Canadian producers to gain from these innovations. Without expanded rural broadband access, Canada’s agriculture sector will face a competitive disadvantage in the global market in the years ahead.

AEM continues to engage members of Parliament after the hearings, regularly providing additional industry input. To learn about AEM’s Canadian advocacy efforts, please contact AEM’s Director of International and Regulatory Affairs Alex Russ (aruss@aem.org, tel: 202-898-9006).

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