The Government of Canada will provide support to milk producers for US $ 1.4 billion over the next three years, starting in the 2020-2021 cycle.
The supports include a payment of 468 million dollars in the current year.
This will be in addition to the $ 250 million Dairy Farm Investment Program and the $ 345 million delivered through direct payments to dairy farmers in 2019-2020.
With the new resources, the total compensation provided to dairy farmers, to date, rises to nearly $ 1.1 billion and, according to the Canadian government, provides certainty about the timing and form of the remaining payments in the compensation package. $ 2 billion total for dairy farmers.
Trade is an important part of the Government of Canada’s plan to create jobs and grow during the recovery from the pandemic recession.
As part of the negotiations for free trade agreements in recent years, the government of Canada has given its trading partners greater access to the domestic market for dairy products, poultry and eggs.
During the negotiations of the Treaty between Mexico, the United States and Canada (T-MEC), the Canadian government faced a tough negotiation with the government of President Donald Trump.
According to the Canadian government, Canada is fulfilling its commitment to full and fair compensation for the Comprehensive Economic and Trade Agreement between Canada and the European Union (CETA) and the Comprehensive and Progressive Trans-Pacific Partnership Agreement (TIPAT).
To meet this commitment, the Fall Economic Declaration proposes to provide the compensation described above to the more than 14,000 Canadian milk, poultry and egg producers.