Farms.com Home   News

Registration closed and payments finalizing for second round of dairy compensation

Ottawa, Ontario –Dairy farmers provide Canadians with a stable supply of high-quality products, and are an essential part of the country’s rural landscape. Supporting them as they adapt to new market realities and consumer demands is vital to ensuring the sector remains well positioned for future growth.
 
The Minister of Agriculture and Agri-Food, the Honourable Marie-Claude Bibeau, today announced that so far 9, 682 dairy farmers have registered under the second year of the Dairy Direct Payment Program. Their payments will total $459.4 million. To receive a payment, registrations needed to be signed and received no later than March 31, 2021. Remaining payments are being delivered in April 2021.
 
The Government of Canada has now made up to $813 million available to Canada’s dairy producers under the first two years of this $1.75 billion program. These payments are part of the government’s commitment to provide full and fair compensation to supply-managed sectors for 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). Combined with the $250-million CETA on-farm investment program, these payments make up a total $2 billion compensation package for dairy farmers.
Source : Government of Canada

Trending Video

Higher Crude Oil Futures for Longer = Stagflation?

Video: Higher Crude Oil Futures for Longer = Stagflation?


Fears are starting to grow that higher crude oil futures for longer could see slower economic growth and higher inflation BUT…. At a meeting in Paris, the Chinese team said they would be willing to buy more non-U.S. soybean row crops???? Trump's delay with the Xi meeting (pushed out to end of April) was replaced with the Ag Appreciation Day” on March 27th, 2026. A dry weather pattern for the Central Plains/U.S. winter wheat country causing are wildfires in NE and breaking record temps for March. Stocks are officially in a correction as funds continue to sell the metals to buy energy and ag + more.