Federal Ag Minister Lawrence MacAulay announced $14 million in funding for Canada's Beef Industry through the Beef Cattle Research Council (BCRC).
Past Chair of the BCRC, Bryan Thiessen, says the funding is part of the $21 million partnership between the council and the federal government, which will be used for research and innovation.
"Of which $7.5 million is coming from the producers through our beef cattle check-off, the remaining is coming from the federal government. Over the next five years, it's going to allow us to research many aspects of beef production from environmental to production, to animal welfare, to forage, to feed grains and so on."
The money from the government comes from the Canadian Agricultural Partnership, Agriscience Clusters.
Minister MacAulay says the funding will work to put money in producer's pockets.
"In the end, you have to realize they're the ones that do it, they're the ones that do the work. When you can increase production and cut costs, it does nothing but put more money in the pockets of farmers, and then beyond that, you have to open more trade opportunities and we're doing that."
The announcement on Wednesday at the Calgary Stampede was a part of MacAulay's Growing Canadian Agriculture tour which wraps up on Tuesday, July 17.