The federal government has announced further details on investments to support Canada's supply-managed dairy, poultry and egg farmers.
The package delivers on the commitment to compensation for the market access concessions made under the Canada-European Union Comprehensive Economic and Trade Agreement (CETA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
"Our Government is fully behind our supply management sector, which supports our family farms and the vitality of our rural areas. Today's announcement of a substantial compensation package for our dairy, poultry and egg farmers shows our support for a strong supply management sector for many generations to come," said Federal Ag Minister Marie-Claude Bibeau.
Last year, Bibeau announced that $1.75 billion would be provided to compensate Canadian dairy farmers over 8 years. More than 10,000 dairy farmers already received a total cash payment of $345 million.
The government has now set a schedule to deliver the remaining $1.405 billion through direct payments to farmers over a timeline of three years. Dairy farmers will receive, on the basis of their milk quota, cash payments of $468 million in 2020-21, $469 million in 2021-22 and $468 million in 2022-23.
The government is also announcing $691 million for 10-year programs for Canada's 4,800 chicken, egg, broiler hatching egg, and turkey farmers.
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