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Statement by Government of Canada on dairy industry and Canada-European Union trade deal

The Honourable Lawrence MacAulay, Minister of Agriculture and Agri-Food, and the Honourable Chrystia Freeland, Minister of International Trade, today issued the following statement on the Government of Canada's commitment to the Canadian dairy industry:

In anticipation of Canadian ratification of the Comprehensive Economic and Trade Agreement (CETA) and as part of the government's strong commitment to the Canadian dairy industry, we will move forward with a plan to help the industry adjust to market access concessions.

An appropriate mitigation package is necessary for the Canadian dairy industry. Today we commit to meet with industry within the coming 30 days to obtain its views on the mitigation package. Our conversations will address, among other issues, transition support for producers and processors, as well as proposed program and investment options. The government remains committed to the supply management sector.

Canadians in the dairy industry, in different regions, have shared different priorities about the path forward; together, we will reach the best possible outcome for our dairy farmers, their families, and communities.

The results of this collaboration will inform our discussions with our colleagues. This effort will help Canada's agriculture sector to be safer, stronger, and more innovative.

The government continues to work towards long-term, sustainable solutions to ensure the Canadian dairy industry can grow and thrive in an ever-changing global economy.

CETA is a priority for our government and we are focused on swift ratification so that individuals and businesses, both large and small, are able to benefit from the opportunities offered by this trade agreement.

Source: AAFC


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Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?

Video: Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?


Historically, the USDA December crop report is a non-event or another dud report as the USDA reserves any final supply changes to the final report in January of the following year in this case 2026. But after the longest U.S. government shutdown in history at 43 days and no October crop report will they provide more data/surprise and make an exception?
Our China U.S. soybean purchase tracker is now at 26.6% or a total of 3.2 mmt but for traders it’s taking too long to unfold.
The final Stats Canada production report was bearish canola and wheat projection a record crop in both (it adds to the global glut of supplies) and bullish local corn and soybean prices in Ontario/Quebec thanks to a drought. It will not help the fund flow short-term, the USDA may need to offset it?
A U.S. Fed interest rate cut of another 25-basis point next Wednesday (probability 87.1%) could help fund flow and sentiment in stock and ag commodities into year end.
More inflows into Bitcoin this past week saw prices rebound back above 90,000 with support at 82,000 and resistance at 96,000.
A V-shaped bottom in cattle suggest the lows are in after Mexico reported another new world screwworm case. Lower weights, seasonal demand and higher U.S. beef select/choice values with a continued closure of the Mexican border to cattle will result in a resumption of higher cattle futures into yearend.
Australia is expected to produce its 3rd largest wheat crop ever at 36 mmt adding to the global glut of supplies.
Reports of ASF in hogs in Spain the largest pork exporter in Europe could see the U.S. win more pork export business long-term.
If the rains verify into next week of 3-5 inches for Brazil it would go a long way to fixing the dry regions from the last 2-months, but the European weather model has been wrong for the past 2-months!
Natural gas futures are surging to the 3rd price count as frigid hold temps set in.
CDN $ is also surging to end the week on a very resilient economy and better employment numbers suggesting no interest rate cuts next week.
Finally, the CFTC report showed funds were net buyers of soybeans but sellers of corn, canola and wheat. In real time the funds have gone back to selling as they take some profits.