Canada’s agriculture financing Crown corp. says $12-billion in exports could be directed away from U.S.

Potato plants on a farm in Clinton, P.E.I. Farm Credit Canada estimates $2.6-billion in current food and beverage exports to the U.S. could be redirected to meet Canadian demand.

Farm Credit Canada has identified $12-billion in food and beverage exports that could be shifted away from the U.S. market as cross-border trade comes under continued strain.

The Crown corporation, which provides financing and other services to the agriculture industry, says U.S. tariffs have introduced uncertainty to a relationship that has historically been of benefit to Canada’s agriculture and food sector.

The proposed strategy outlined in a new report aims to reduce Canada’s U.S. market dependence for food and beverage exports to half of 2023 levels.

FCC says it can be done by strengthening interprovinc