A new Domestic Food Processing Fund is part of the plan
The Liberal Party of Canada released its commitments to the Canadian ag sector on April 2.
These promises will “protect farmers, ranchers, and agri-food workers and strengthen Canada’s food sector in Quebec and across Canada,” the party said.
When it comes to supply management, the dairy sector “is off the table in any negotiations with President Trump,” Leader Mark Carney said in a statement.
Multiple party leaders committed to protecting supply management within recent weeks.
Here are the other ag promises the Liberals are proposing for the 2025 election.
- Making permanent the doubling of the revenue protection for farmers under the AgriStability Program, from $3 million to $6 million per farm, in the case of significant revenue drops caused by the impacts of tariffs, extreme weather events, and other external shocks;
- Build more domestic processing capacity, including food processing capacity in rural and remote areas, with a new $200 million Domestic Food Processing Fund;
- Increase support for farmers, ranchers, and producers to access new markets for their food products with an additional $30 million in the AgriMarketing Program;
- Increase the help for farmers and ranchers to buy new, more efficient farm equipment with a $30 million top up to the Agriculture Clean Technology Program; and,
- Double the loan guarantee limit, from $500,000 to $1 million, of the Canadian Agricultural Loans Act program and expand terms by 5-10 years.