Canada’s national food security strategy, unveiled by Prime Minister Mark Carney in June 2026, makes a specific point that’s worth sitting with if you invest in agtech. The strategy states plainly that Canada does not process nearly as much of the food it grows or harvests as it could. Instead, a lot of that raw product gets exported for processing elsewhere, which means Canada loses both food sovereignty and the economic value of doing that processing work at home. The government’s own estimate puts the opportunity at up to $25 billion in annual GDP growth, concentrated specifically in food processing and plant-based ingredient manufacturing, if the right investment and infrastructure show up.

Backing that up, the strategy includes real capital: a $1 billion Agri-food Project Finance Fund through Farm Credit Canada aimed at food processing projects, a $150 million Food Security Fund for small and medium-sized food businesses, and a $100 million Collaborative Food Innovation Fund meant to expand agri-food processing capacity.

That’s the policy. Here’s why it matters to us specifically.

Two companies already doing this

Terra Bio and Infinite Harvest Technologies, both in our portfolio, are already built around exactly the problem this strategy is trying to solve.

Terra Bio takes spent brewing grains, a byproduct that would otherwise go to waste or leave the country unprocessed, and turns it into food ingredients domestically. Their partnership with Great Western Brewing does precisely what the federal strategy is asking the broader industry to do more of, process a Canadian agricultural byproduct into higher-value food product without shipping the raw material elsewhere first.

Infinite Harvest Technologies runs Bugs4Rent, converting organic food waste into protein, fertilizer, and verified greenhouse gas data, installed directly at a client’s facility. That’s domestic processing of waste that would otherwise be lost value, turned into inputs the food system actually needs.

Why this is worth saying out loud

Both companies were already operating on this model before this strategy existed, and the government’s own analysis is now describing the same gap they were already built to close. That timing is worth noting on its own. A company built around processing a real domestic byproduct, before any policy rewarded it for doing so, is a different thing than one built to chase a subsidy after the fact.

What we do expect is that these two companies, and others in our portfolio, are positioned to take real advantage of this shift, and we’ll be watching for that to show up in concrete, measurable returns, not just aligned direction.