Tax credit mooooves Alberta’s dairy industry forward

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With a goal of furthering growth and diversification in the agriculture industry, Alberta’s government established the Agri-Processing Investment Tax Credit program to encourage investment in value-added manufacturing in the agri-processing sector.

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To be considered for the tax credit program, corporations must invest at least $10 million in a project to build or expand a value-added agri-processing facility in Alberta. The program offers a 12 per cent non-refundable tax credit based on eligible capital expenditures. Through this program, Alberta’s government has granted DIW Buildings & Land Corporation conditional approval for a tax credit estimated at $7.6 million.

Once the new concentration plant is operational, officials say it will use a reverse osmosis and ultrafiltration process to remove more than half the water content from unpasteurized raw milk. Every four truckloads of raw milk will be concentrated into as little as one truckload of raw milk components that will be shipped to other value-added processors to make products like cheese, butter, ice cream and yogurt. With fewer milk transport trucks on the roads, government officials say the dairy industry is expected to be on track to meet its net-zero greenhouse gas target by 2050.

“This investment in the DIW facility goes beyond just constructing a building, it’s about setting a new standard for dairy production in Canada. We are grateful for the support from the Government of Alberta and the importance they have placed on supporting the industry through the Agri-Processing Investment Tax Credit program,” says Henry Holtmann, chair of DIW Buildings & Land Corporation.

Government officials say Alberta is home to one of Canada’s strongest agricultural industries, and dairy production is a significant contributor. In 2023, officials say Alberta produced close to 840 million litres of milk, which is said to be almost 10 per cent of Canada’s total milk production. In the same year, the dairy manufacturing industry employed more than 3,000 people.

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