ANNOUNCEMENT 10 Nov 2016
In anticipation of the new trade agreement with the European Union, the government of Canada is providing five years of support to the dairy industry.
NUMBER OF INTERVENTIONS
On November 10, 2016, the ministers of Agriculture and Agri-Food and International Trade jointly announced an investment of Can.$350 million (US$269 million) for two new programs to support the Canadian dairy sector. Taken in anticipation of the entry into force of the Canada-European Union Comprehensive Economic and Trade Agreement, the programs will (1) provide Can.$250 million (US$192 million) over five years for a Dairy Farm Investment Program that will provide targeted contributions to help Canadian dairy farmers update farm technologies and systems and improve productivity through upgrades to their equipment (e.g., the adoption of robotic milkers, automated feeding systems, and herd management tools), and (2) provide another Can.$100 million (US$77 million) over four years for a Dairy Processing Investment Fund that will help dairy processors modernize their operations and to pursue new market opportunities.