Wednesday, February 7, 2018

Dairy farmers slowly taking subsidies

Dairy farmers are slowly taking up a federal offer of subsidies to improve their operations.

There is $150 million on offer and so far about 500 dairy farmers have been approved for $23.5 million worth of subsidies.

Processors have access another $100 million.

The subsidies are compensation for the loss of market share to European imports, part of the free trade agreement announced last year.

The government has yet to say what it will do to compensate dairy and poultry farmers for market share losses related to the recently-negotiated Trans Pacific Partnership trade agreement.

The previous Harper government offered up to $4.3 billion in subsidies as compensation for the European and Trans-Pacific trade deals. That promise was that farmers would lose neither profits nor quota value for up to 15 years.