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Canada invests in dairy sector in anticipation of CETA

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Staff Writer | November 11, 2016
Lawrence MacAulay, Canadian Minister of Agriculture and Agri-Food, and Chrystia Freeland, Minister of International Trade, announced an investment of $350 million for two new programs to support the dairy sector.
Canada farm
Farmers   $350 million for two new programs
The investment is in anticipation of the entry into force of the Canada–European Union Comprehensive Economic and Trade Agreement (CETA).

CETA will create more jobs and growth for Canadian families, will generate economic opportunities for the middle class, and will present substantial market opportunities for many segments of Canada’s agricultural sector.

The government is supporting the continued strength of the dairy sector by helping to ensure that dairy producers and processors continue to innovate and improve productivity.

The two new programs are:

- $250 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.

This could include the adoption of robotic milkers, automated feeding systems, and herd management tools.

- $100 million over four years for a Dairy Processing Investment Fund that will help dairy processors modernize their operations and, in turn, improve efficiency and productivity, as well as diversify their products to pursue new market opportunities.


 

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