BEEF CATTLE INDUSTRY DEVELOPMENT FUND

Notice

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Background

The Beef Cattle Industry Development Fund (BCID Fund) is financed out of the revenues generated by a Trust Fund established by the Province in 1994, consisting of a sum of $9.3 million. The terms of the Trust Fund specify that there will be no encroachment on the capital, and that this Trust Fund will be available to finance the BCID Funds for a period of 20 years. In 2014, the Cattle Industry Development Council was successful in renegotiating the terms of the trust and had it extended for sixty years - to expire in 2075. It should be noted that only when non-government funds are contributed toward projects that fit the priorities of the BCID Fund, will matching funds be triggered from the Trust for that purpose.

Mission statement

"To manage the Beef Cattle Industry Development Fund in a way that will effectively enhance the profitability, viability, sustainability of the beef cattle industry in British Columbia for the short, medium and long term."

Purpose

Objectives

1. Improve the viability, profitability, and sustainability of the British Columbia beef cattle industry.
2. Improve the British Columbia beef cattle industry's responsiveness to changing needs in the marketplace and environment.
3. Provide efficient quality services to the British Columbia beef cattle industry.
4. Foster co-operation within the British Columbia beef cattle industry to achieve the purpose of the BCID fund; and
5. Address any other important matters affecting the British Columbia beef cattle industry as they relate to the purpose of the BCID Fund.

Funding Priorities established for 2020-2025

For 2020-2025, the Cattle Industry Development Council will administer the Beef Cattle Industry Development, to benefit the BC beef industry by focusing on the following priorities:

1.        Building Industry Association Capacity

2.        Building the BC Beef Advantage (Making BC Beef Competitive)

3.        Building and Maintaining BC Cattle Industry for Sustainable Growth

 (while also addressing societal expectations). Applications under this priority may address:

• Environment Issues
• Animal Wellbeing
• On-Farm Safety

4.        Building Opportunity through Research