Alberta's Dairy Boom: What You Need to Know

Alberta is on the rise as a major player in Canada’s dairy industry, with a whopping 848 million litres of milk produced in 2024! That's enough to place Alberta as the third-largest milk producer in the country. But it’s not just about the numbers; the journey of Alberta’s dairy industry is packed with exciting opportunities for growth and investment.

In a bid to boost the agri-processing sector, Alberta introduced the Agri-Processing Investment Tax Credit (APITC) in 2023. This initiative encourages companies, like the renowned Saputo Dairy Products, to invest big bucks in modernizing facilities. Saputo’s recent investment exceeding $38 million at its Edmonton location is a game changer—it’s not just about volume; it’s also about safety and efficiency.

This expansion is set to create over 2,400 jobs and further improve the overall health and safety of the workforce. It sends a strong message to investors: Alberta’s agriculture sector is thriving, and there are plenty of opportunities for those willing to come aboard.

For corporations eyeing expansion in agri-processing, the APITC offers a sweet deal—a 12% non-refundable tax credit for projects over $10 million, applied once operations start. This means that your investment could not only yield profits but also some tax savings!

As Alberta continues to modernize its dairy production, the future looks bright. So, whether you’re an investor, a farmer, or simply curious about the agri-food scene, there’s never been a better time to pay attention to Alberta!