Marie-Claude Bibeau, the minister of agriculture and agri-food, has announced the government will provide up to $1.7 billion in compensation for these supply-managed sectors due to the impacts of the Canada-United States-Mexico Agreement (CUSMA).
“Promise made, promise kept,” she said. “We made a commitment to fully and fairly compensate the market losses suffered by dairy, poultry and egg producers and processors, and that is what we have done.”
Up to $1.2 billion is being allocated to the Dairy Direct Payment Program, while around $300 million will be used to create a new program that will support innovation and investment into large-scale projects to add value to solids-non-fat, a by-product of milk processing.
The federal government also plans to provide up to $112 million for the Poultry and Egg On-Farm Investment Program and up to $105 million to support investments in dairy, poultry and egg processing plants under the Supply Management Processing Investment Fund.
According to the federal government, it has now committed around $4.8 billion to compensate and support supply-managed sectors impacted by CUSMA, the Canada-European Union Comprehensive Economic and Trade Agreement (CETA), and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
