By Alice McFarlane

FCC Capital announces $2 billion investment into ag and food innovation

Jun 3, 2025 | 3:43 PM

Farm Credit Canada (FCC) has committed to advance agtech innovation in Canada’s agriculture and food industry.

The $2 billion by 2030 will come from the organization’s new investment arm, FCC Capital, a group offering capital solutions.

This will go to innovative devices, instrumentation, research, and methodologies designed to improve efficiency, productivity, and sustainability.

Launched in 2024, FCC Capital delivers an expanded offering of capital solutions to companies across the entire ag and food value chain, including investment funds and direct equity capital dispersed from pre-seed stage to growth-driven late-stage companies.

In its inaugural year, it closed nine direct investment deals totaling $170 million, investing in three new funds, and adding a new business accelerator to its portfolio, according to Justine Hendricks, FCC president and CEO.

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“Canada’s economic future requires an agriculture and food industry leading the world in innovation and productivity. However, until now, investment dollars have been scarce and have not been scaled to meet the increasingly sophisticated needs of the sector. Through this investment, FCC is delivering on its commitment to be a catalyst and support innovation and productivity in one of Canada’s most important and investable sectors,” Hendricks said.

Various sources are showing that annual venture capital investment into Canada’s agtech sector is lagging. In 2023, Canada’s venture capital investments in the sector were cited at approximately $270 million, 10 times below the United States when adjusted for population. This low level of investment puts Canada at a strategic disadvantage. At the same time, Japan and the European Union have been demonstrating increased investments in agtech.

Darren Baccus, executive vice-president, agri-food, alliances and FCC Capital, said FCC will continue supporting and partnering with the Canadian ag and food industry to offer greater security and sustainability in a highly competitive global market.

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alice.mcfarlane@pattisonmedia.com