Wednesday, November 16, 2022

GENEROUS CANADIAN TAXPAYERS COMPENSATE SUPPLY MANAGED SECTORS

   On a dairy farm in the Eastern Townships, Agriculture and Agri-Food Minister Marie-Claude Bibeau re-affirmed the Government's commitment to provide compensation for supply-managed sectors for the impacts of the Canada-United States-Mexico Agreement (CUSMA). Dairy, poultry and egg producers and processors are expected to share more than $1.7 billion in direct payments and investment programs.
   This federal investment will help dairy, poultry and egg producers and processors make key investments and improve their operations to be even more competitive and sustainable.
  While dairy producers already know how much they will receive next year under the fourth compensation payment for the Canada-European Union Comprehensive Economic and Trade Agreement (CETA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) the Government intends to offer them extra funding of up to $1.2 billion over six years under the Dairy Direct Payment Program to account for the impacts of CUSMA.

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